Clayton, Dubilier & Rice to acquire packaging distributor Veritiv Corporation

Clayton, Dubilier & Rice to acquire packaging distributor Veritiv Corporation

Veritiv Corporation (NYSE: VRTV), renowned for distributing packaging, facility solutions, and print products, announced its definitive agreement for acquisition by Clayton, Dubilier & Rice’s (CD&R) affiliate. Shareholders of Veritiv are set to gain handsomely from the deal, receiving a cash value of $170 for each share. This valuation signifies a substantial 31% premium over the […]

Cross Rapids Capital-led investor group acquires Wholesale Produce Supply

Cross Rapids Capital-led investor group acquires Wholesale Produce Supply

Wholesale Produce Supply (WPS), a Minnesota-based fresh produce logistics and inventory management solutions provider, said that its parent holding company has been acquired by an investor consortium led by Cross Rapids Capital. The financial terms of the deal were not disclosed. The buying consortium also includes Wholesale Produce Supply’s strategic partner — The Baupost Group […]