“The name … reflects the core strength of our new organization – our commitment to deliver with excellence and shape our customers’ success.”
Unisource Worldwide and xpedx have announced that they have chosen the name Veritiv for the distribution-solutions company that will be created upon completion of their merger. The new corporate name, the companies report, is derived from the roots of three words: “verity,” meaning true, and “active” and “connective.”
The companies officially announced their merger in January of this year (see that report here).
“The name … reflects the core strength of our new organization – our commitment to deliver with excellence and shape our customers’ success,” says Mary Laschinger, who will serve as Veritiv’s chairman and CEO.
“Veritiv will meet and exceed our customers’ expectations by providing them with the end-to-end print, packaging, facility, and logistic solutions they need to make their key business operations more efficient and more sustainable. We look forward to completing the transaction and leveraging Veritiv’s broad geographic reach, extensive product offerings, and differentiated and leading service platform.”
The company will begin operating under the name Veritiv and will introduce its new brand/logo immediately after the closing of the transaction, which is expected to occur early in the third quarter of 2014. Common stock of the new company is expected to trade on the New York Stock Exchange under the symbol VRTV.