Veritiv Corporation is a full service strategic distribution company offering business-to-business solutions including packaging, print and paper, publishing, facility and logistics solutions that help shape the success of its customers. Established in 2014, following the merger of International Paper’s xpedx division and Unisource Worldwide, the company employs approximately 8,900 across 180 North American facilities.
After a lengthy search, Veritiv has chosen to relocate a major corporate operations center into the Gilmore Pointe office building on south Gilmore Road in Fairfield. Veritiv will lease more than half of the building and will invest nearly $2 million in tenant finishes and technology upgrades into the property. Upon completion in Summer 2016, the company will relocate more than 450 employees to the site, making it one of Fairfield’s top 10 largest employers.
The City assisted the project by executing a Property Investment Reimbursement Agreement with the company. This incentive will reimburse Veritiv over a 10-year term for the value of the property upgrades, provided that the company meets certain jobs and payroll commitments.