Domtar Corp. has signed an agreement to acquire Xerox's paper and print media products business in the United States and Canada, the North American papermaker announced Friday.
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, according to a Domtar news release. This business now will become part of Domtar's pulp and paper segment, and Domtar will market and distribute Xerox-branded paper and print media.
The transaction is expected to close during the second quarter of 2013, subject to customary closing conditions, according to the news release. Domtar employs about 450 people at its Nekoosa mill and another 400 at its facility in Rothschild.