Antalis Makes Offer to Acquire Xerox's Western European Paper Business

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"This announcement follows the sale earlier this year of Xerox's U.S. and Canadian paper business, as we continue to focus on growing business services and developing innovative document technologies," said Herve Chauveau, managing director, Xerox Document Supplies Europe. "As a leading distributor of paper and print media supplies, Antalis is well positioned to serve our clients exceptionally well and continue delivering the same high level of quality they expect from Xerox and our brand."

While Xerox does not manufacture paper, the company has long distributed through its brand name a broad range of coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper. On closing, Xerox's paper business in Western Europe will become part of Antalis, which will hold exclusive rights for the marketing and distribution of Xerox-branded paper and print media products across the region.

This offer does not affect the manufacture, sale, and support of Xerox's broad range of consumables such as toner and ink, and Xerox Replacement Cartridges.

The transaction is expected to close early in the fourth quarter, subject to closing conditions that include obtaining necessary regulatory approval from the EU Commission as well as employee communication and consultation.