Domtar to Acquire Xerox's U.S. and Canadian Paper Business
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 Corp. (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.
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, CT, 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 www.xerox.com, http://news.xerox.com or www.realbusiness.com. For investor information, visit www.xerox.com/investor.
Source: Domtar.
- Companies:
- Domtar Paper
- Xerox Corp.
