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

Fri Mar 22, 2013 2:00pm EDT

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TICKER SYMBOL

Domtar (NYSE: UFS) (TSX: UFS)

Xerox (NYSE: XRX)


MONTREAL, QC  and  NORWALK, CT,  March 22, 2013  /PRNewswire/ - 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  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®, a network of strategically located paper and
printing supplies
 distribution facilities. In 2012, Domtar had sales of  US$5.5 billion
 from some 50 countries. The Company employs approximately 9,300 people.
 To learn more, visit  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.


SOURCE  DOMTAR CORPORATION

DOMTAR

Pascal Bossé

Vice-President

Corporate Communications and Investor Relations

Tel.: 514-848-5938

XEROX

Bill McKee

Manager

Corporate Public Relations

Tel.: 585-423-4476

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