March 25, 2013
The deal will see Domtar acquire Xerox’s paper and print media products business in both the USA and Canada, and whilst Xerox “does not manufacture paper” it has previously distributed coated and uncoated papers as well as speciality print media under the Xerox brand.
The acquired business will become part of Domtar’s pulp and paper segment, with the company marketing and distributing the products under Xerox’s brand. The release made a point of noting that Xerox “will continue to manufacture, sell and support its broad range of consumables” for printing, with the transaction expected to be sorted in the second quarter of 2013.
Frank Edmonds, Senior Vice President of Xerox’s Global Paper and Supplies Distribution Group, stated: “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.
“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.”
John D. Williams, Domtar’s President and CEO, added: “The Xerox brand is well regarded in the paper markets it serves. This deal brings together Xerox’s branded papers with Domtar’s already comprehensive paper offering and will allow us to better serve our customers.”
Categories : Products and Technology