Packaging Firm Veritiv Corp to Be Bought by CD&R for $2.3 Billion

Veritiv on Monday agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in a $2.3 billion deal that would take the packaging firm private.

The buyout of Veritiv, which makes paper-based boxes and cartons, and glass containers, comes against the backdrop of a recent consolidation in the packaging sector, as firms focus on recyclable packaging materials.

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