{"id":3603,"date":"2024-11-05T05:05:50","date_gmt":"2024-11-05T10:05:50","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3603"},"modified":"2024-11-05T05:05:50","modified_gmt":"2024-11-05T10:05:50","slug":"veritiv-acquires-assets-of-pax-global","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3603","title":{"rendered":"Veritiv acquires assets of PAX Global\u00a0"},"content":{"rendered":"


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PAX Global boasts annual revenues of approximately $45m.\u00a0Credit: NTshutterth via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Veritiv<\/a>, a speciality packaging distribution company, has acquired all the assets of US-based packaging solutions provider PAX Global.\u00a0\u00a0<\/p>\n

PAX Global is known for distributing and converting custom packaging products through value-added solutions, including design, prototyping, and prepress printing capabilities.\u00a0\u00a0<\/p>\n

Headquartered in Illinois, US, the company boasts annual revenues of approximately $45m.\u00a0\u00a0<\/p>\n

This acquisition will enhance Veritiv\u2019s design and international sourcing capabilities, particularly in folding cartons and film converting, which are expected to offer new services to customers.\u00a0<\/p>\n

Veritiv CEO Sal Abbate said: \u201cThe acquisition represents an investment in building on our industry-leading packaging distribution capabilities by enhancing our design and international sourcing capabilities and establishing new competencies in folding carton and film converting.\u00a0<\/p>\n

\u201cIt advances our efforts to create a national platform to better serve customers and further expands our position as the leading speciality provider of value-added packaging products and solutions from design to delivery.\u201d\u00a0<\/p>\n

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