Domtar to Acquire Xerox’s U.S. and Canadian Paper Business

Fri Mar 22, 2013 2:00pm EDT

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MONTREAL & NORWALK, Conn.--(Business Wire)--
Domtar Corporation (NYSE: UFS) (TSX: UFS), one of the largest manufacturers and
distributors of paper in North America, has signed, through its operating
subsidiaries, an agreement to acquire Xerox`s (NYSE: XRX) paper and print media
products business in the United States and Canada. 

"The Xerox brand is well regarded in the paper markets it serves," said John D.
Williams, Domtar`s President and Chief Executive Officer. "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, senior vice
president, 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 2013, subject to
customary closing conditions. Until the close, Xerox customers may continue to
order paper and media through Xerox Supplies sales representatives, Xerox inside
sales centers, or online at http://www.xerox.com. 

About Domtar

Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets and
distributes a wide variety of fiber-based products including communication
papers, specialty and packaging papers and adult incontinence products. The
foundation of its business is a network of world class wood fiber converting
assets that produce papergrade, fluff and specialty pulps. The majority of its
pulp production is consumed internally to manufacture paper and consumer
products. Domtar is the largest integrated marketer of uncoated freesheet paper
in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra,
Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a
leading marketer and producer of a complete line of incontinence care products
marketed primarily under the Attends® brand name. Domtar owns and operates
Ariva®, an extensive network of strategically located paper and printing
supplies distribution facilities. In 2012, Domtar had sales of U.S. $5.5 billion
from nearly 50 countries. The Company employs approximately 9,300 people. To
learn more, visit http://www.domtar.com

About Xerox

With sales approaching $23 billion, Xerox (NYSE: XRX) is the world`s leading
enterprise for business process and document management. Its technology,
expertise and services enable workplaces - from small businesses to large global
enterprises - to simplify the way work gets done so they operate more
effectively and focus more on what matters most: their real business.
Headquartered in Norwalk, Conn., Xerox offers business process outsourcing and
IT outsourcing services, including data processing, healthcare solutions, HR
benefits management, finance support, transportation solutions, and customer
relationship management services for commercial and government organizations
worldwide. The company also provides extensive leading-edge document technology,
services, software and genuine Xerox supplies for graphic communication and
office printing environments of any size. The 140,000 people of Xerox serve
clients in more than 160 countries. For more information, visit
http://www.xerox.com, http://news.xerox.com or http://www.realbusiness.com. For
investor information, visit http://www.xerox.com/investor. 

Note: To receive RSS news feeds, visit http://news.xerox.com/rss. For open
commentary, industry perspectives and views visit http://twitter.com/xeroxcorp,
http://realbusinessatxerox.blogs.xerox.com, http://www.facebook.com/XeroxCorp,
http://www.youtube.com/XeroxCorp. 

XEROX®, XEROX and Design® are trademarks of Xerox in the United States and/or
other countries.

Media:
Xerox
Bill McKee, +1-585-423-4476
Bill.McKee@xerox.com
or
Domtar
Pascal Bossé, +1-514-848-5938
Pascal.Bosse@domtar.com

Copyright Business Wire 2013

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