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Based in Atlanta, Georgia, Laschinger was then on her way to New York to present Veritiv’s quarterly financial results. Veritiv recently broke into the Fortune 500 club and its Canadian operation, explained Laschinger, now represents about seven percent of the company’s total annual revenues.
“Bringing together Veritiv’s Toronto area team in this new, state-of-the art facility in Mississauga is an important strategic investment for our company, and it aligns with one of our business goals to integrate our operations and strengthen collaboration throughout our organization,” said Laschinger. “Canada is an important market for Veritiv, and we are delighted to renew our commitment to this city and accelerate our growth across the country.”
Jason Alderman, Regional Vice President for Veritiv, who leads the Canadian operation, welcomed a range of special guests to a small stage protected from the blazing sun by a tent. Mississauga Mayor Bonnie Crombie also spoke at the official groundbreaking ceremony, applauding Veritiv’s project and noting Mississauga has become Canada’s sixth largest city with a population of close to 800,000 and home to some 8,300 businesses.
Located just off the 401 at Hurontario (125 Madill Boulevard), in the growing business area of Courtney Park, now home to some of Canada’s largest industrial facilities, the new Veritiv building is scheduled to be complete by around April 2017 with move-in planned for shortly after.
“This new facility will enable Veritiv to expand our service capabilities for Canadian customers and increase the company’s operational efficiencies by consolidating our three existing facilities in the Greater Toronto Area,” said Alderman. “The City of Mississauga also offers many strategic advantages to our operations, our customers, and our employees.”
The new Veritiv facility, which is to house around 350 employees, will include approximately 410,000 square feet of warehouse space and another 42,000 square feet of office space. In Canada, Veritiv employs approximately 950 people and has a fleet of around 115 tractor-trailer units, and a network of 17 warehouses. Alderman explains there are no plans to close facilities outside of the three GTA locations being consolidated in Mississauga, because the other locations are a critical part of Veritiv’s national reach.
Veritiv Corporation, headquartered in Atlanta, has approximately 180 distribution centres throughout the U.S., Mexico and Canada, and employs approximately 8,800 people.