Domtar Corp., Montreal, Que., Canada, one of the largest producers and distributors of paper in North America, has agreed to acquire Xerox's paper and print media products business in the U.S. and Canada.
"The Xerox brand is well regarded in the paper markets it serves," said John D. Williams, Domtar's president and CEO. "This deal brings together Xerox's branded papers with Domtar's already comprehensive paper offering and will allow us to better serve our customers."
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. 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.
"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, SVP, Xerox Global Paper and Supplies Distribution Group. "It's an across-the-board win. Xerox benefits through a trademark licensing agreement with Domtar; Domtar adds a well-regarded brand to its portfolio; and our respective clients get a simplified, 'one-stop' experience through Domtar's extensive offerings and distribution network."
Xerox will continue to manufacture, sell, and support its broad range of consumables, such as toner and ink, and Xerox Replacement Cartridges. The transaction is expected to close in the second quarter of this year, subject to customary closing conditions.
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