Domtar Corporation signed an agreement to acquire Xerox’ paper and print media products distribution business in the United States and Canada. Xerox does not actually manufacture paper, but has attached the Xerox name through private-label agreements on a range of coated and uncoated papers and specialty print media for distribution.
Xerox has branded papers for the business forms, carbonless and wide-format applications. This business will now become part of Domtar’s pulp and paper segment, and Domtar will market and distribute Xerox-branded paper and print media.
“This deal brings together Xerox’s branded papers with Domtar’s already comprehensive paper offering and will allow us to better serve our customers,” stated John Williams, Domtar’s President and Chief Executive Officer.
The transaction is expected to close in the second quarter of 2013, subject to customary closing conditions. Xerox plans to continue manufacturing other consumables, such as toner and ink, and Xerox Replacement Cartridges.
“As Xerox broadens its business to focus more on services and innovative document technology, we saw an opportunity for our paper business clients to be better served by a leader in the industry,” said Frank Edmonds, Senior VP, Xerox Global Paper and Supplies Distribution Group.