Domtar Completes Acquisition of Xerox North American Paper Business

On June 3, Domtar Corporation, a North American paper giant, announced that the company has completed its acquisition of Xerox’s paper and print media products in the United States and Canada.

According to the acquisition agreement, Xerox has sold to Domtar $275 million (USD) worth of paper business, including a range of coated and uncoated grades, and specialty products including business forms and wide-format papers. In March 2012, Xerox announced the company decided to sell the paper business to Domtar as it aims to focus more on services and document technology.

Commenting on the transaction, Domtar says that it expects the addition of a globally-recognized brand will allow the company to better serve its customers.