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

Friday, 22 Mar 2013 02:00pm EDT 

Domtar Corp announced that it has signed, through its operating subsidiaries, an agreement to acquire Xerox Corp's paper and print media products business in the United States and Canada. 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. 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. 

Company Quote

0.17 +0.42%
29 Aug 2014