Imperial Dade, the New Jersey-based paper, packaging, and janitorial products distributor, has entered into a definitive agreement to acquire Veritiv Corp.’s Canadian business division, Veritiv Canada.
The purchase, which is the 47th acquisition for the company under its current leadership, will mark the company’s official expansion into Canada. It includes Veritiv’s Toronto headquarters as well as 11 other locations throughout Canada.
Georgia-based Veritiv Corp. markets and distributes facility maintenance supplies, packaging systems, and printing and business-imaging papers throughout North America. Veritiv Canada is a full-service provider of janitorial and hygiene products print and foodservice packaging solutions.
The transaction is subject to Canadian regulatory approval and is expected to close prior to the end of the second quarter. Per the terms of the deal, Veritiv’s approximately 900 employees in Canada will become Imperial Dade employees.
“We are extremely excited to be entering the Canadian marketplace with such a reputable organization,” said Jason Tillis, Imperial Dade president. “We look forward to partnering with the Veritiv Canada team and continuing to provide customers with a world-class value proposition and service offering under the Imperial Dade banner. This acquisition is an exciting next step in our ability to serve customers across all of North America.”
“This sale aligns with our strategy to focus on higher-growth, higher-margin businesses and geographies and further invest in building on our industry-leading Packaging and Facility Solutions capabilities,” added Veritiv Chief Executive Sal Abbate.
Founded in 1935, Imperial Dade already serves more than 75,000 customers across North America.