Antalis to Acquire Xerox Paper, Print Media Business in Western Europe

On June 19, Antalis, European leader in the distribution of paper and packaging products, announced that it has made a binding offer to acquire Xerox’s paper and print media products business in Western Europe. Upon the closure of the deal, Antalis will hold the exclusive rights to market and distribute Xerox branded paper and digital print media in this region.

The acquisition is subject to the approval of the European competition authorities. Also, it will not affect the manufacture, sale and support of Xerox’s broad range of consumables, such as toner and ink, and Xerox Replacement Cartridges. The transaction is expected to close early in the fourth quarter of 2013. Usual HR procedures with the workers councils have started.

Pascal Lebard, Chief Executive Officer of Sequana and of Antalis, commented, “This acquisition in a competitive market where size is key will allow Antalis to strengthen its legacy business, maximize cash flow generation and improve profitability.”

Hervé Poncin, Chief Operating Officer of Antalis, added, “Thanks to this acquisition, Antalis will add a global-renowned brand in the office and digital printing markets to its offer(ings).”

Antalis, with around 6,000 employees based in 44 countries, is a 100% subsidiary of Sequana which is a global player in the paper industry.