USA – Veritiv Corp., a specialty distributor of packaging, has acquired premium marketing solutions provider Vivabox Solutions for undisclosed amount.
This move is poised to fortify Veritiv’s position by adding valuable strategic relationships and international sourcing expertise.
Moreover, the acquisition will bolster Veritiv’s kitting and design capabilities, particularly catering to premium consumer brands.
Vivabox Solutions specializes in offering customized multibrand kitting solutions and packaging products tailored for luxury consumer brands.
Operating globally with a presence in the US, Europe, and Asia, the company employs 77 individuals across key locations in Rockville, Dallas, and Scottsdale in the US.
Veritiv CEO Sal Abbate said: “This acquisition leverages our leadership and expertise in packaging distribution and commercial operations and represents an investment in building on our existing industry-leading kitting and assembly capabilities to better serve our customers.
“Like Veritiv, Vivabox services businesses with complex packaging and supply chain needs. Their ability to deliver customized solutions and enhanced value-added services makes them a strong addition to our Packaging segment.
“We look forward to welcoming Vivabox employees, customers, and suppliers to the Veritiv team as we further expand our position as a leading provider of packaging solutions and continue delivering innovative and sustainable products and services to our customers today – and into the future.”
The acquisition comes on the heels of private investment firm Clayton, Dubilier & Rice, through an affiliate, completing the acquisition of Veritiv in December of the previous year, signifying a period of strategic expansion for the company.
Fedrigoni acquires key assets of Mohawk Fine Papers
In a separate development, the Fedrigoni Group announced the acquisition of certain assets of Mohawk Fine Papers, Inc.
This acquisition follows an industrial partnership established in September 2022 to bolster the distribution of specialty fine papers in the North American market.
The transaction, executed through a newly incorporated entity by Fedrigoni, cleared the new company of existing indebtedness, preserving the majority of jobs, industrial activities, and customer relationships.
Mohawk Fine Papers, founded in 1931, is renowned for producing specialty papers for designers, brands, and printers, with a strong focus on digital printing and sustainability.
The alignment of core values, including expertise, innovation, and environmental responsibility, facilitated the acquisition, positioning Mohawk as a crucial component of the Fedrigoni Special Papers division and contributing significantly to the group’s international growth strategy.
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