Quarterly revenues fall 0.5 percent to $1.3 billion.
Latest In Paper Products & Packaging Distribution
Maker of containerboard and corrugated packaging products reports strong Q2.
William Stiehl promoted to senior vice president and chief financial officer.
Company says merger proposal with GPCs S.P. Richards business remains in effect, despite unsolicited offer from Staples, Inc.
Merger with S.P. Richards set to close before end of 2018.
Deal creates stronger, more competitive business products distributor.
Deal expands manufacturers packaging solutions and capabilities portfolio.
Group revenue increased 10 percent at constant exchange rates.
Fourth-quarter sales down 4.5 percent year-over-year.
Genuine Parts sales up 6.3 percent for the year.
Fourth quarter sales up 14.1 percent year-over-year.
Strategic, financial deals alike escalate across industry.
For the first nine months, sales were up 10.6 percent year-over-year.
Purchase expands Veritiv's rigid plastic, glass and metal packaging offerings.
Company also reports sales up 20 percent in first half of 2017.
Industrial sales increase 1.7 percent during the quarter.
Profit grew 23.6 percent for the quarter.
Acquisition expands company's automation solutions capabilities.
Parent company Genuine Parts sales up 5.1 percent in second quarter.
Company also acquires Pixel Inspiration.