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Domtar Corporation
UFS is one of the largest manufacturers
and distributors of paper in North America, has signed, through its operating
subsidiaries, an agreement to acquire Xerox's
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.
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