Press release from CNW Group
Domtar completes the acquisition of Xerox's U.S. and Canadian Paper Business
Monday, June 03, 2013
Domtar completes the acquisition of Xerox's U.S. and Canadian Paper Business10:04 EDT Monday, June 03, 2013
(NYSE: UFS) (TSX: UFS)
MONTREAL, June 3, 2013 /CNW Telbec/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the completion of its acquisition of Xerox's (NYSE: XRX) paper and print media products business in the United States and Canada, pursuant to an agreement entered into on March 21, 2013.
The transaction includes a broad range of coated and uncoated papers and specialty print media including business forms, carbonless as well as wide-format paper formerly distributed by Xerox. The addition of a globally-recognized brand to Domtar's existing portfolio of high quality, sustainability-driven paper products will allow the Company to better serve its customers.
Information related to the Xerox paper and print media portfolio of products can be found at www.domtar.com.
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 US$5.5 billion from nearly 50 countries. The Company employs approximately 9,300 people. To learn more, visit www.domtar.com.
SOURCE: Domtar Corporation
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