Clayton, Dubilier & Rice, an American private equity company, completed the acquisition of Veritiv, a distributor of packaging, facility solutions and print products, for $2.3bn. "The completion of this transaction represents an important milestone in our company's journey. CD&R's significant investment in Veritiv is a testament to our company's strong positioning as a leading specialty distribution solutions company and to our team's hard work and commitment. We are confident that this partnership, along with the financial and operational flexibility we will now have as a private company, will enable us to continue enhancing the innovative and sustainable solutions we deliver to our customers today – and into the future," Sal Abbate, Veritiv CEO.