Domtar Corporation ( UFS ), through its
operating subsidiaries, recently announced the completion of the
acquisition of Xerox Corporation 's ( XRX ) paper and print
media business in the U.S. and Canada, for an undisclosed amount.
The deal was initially announced on Mar 21, 2013.
Domtar, which recorded revenues of $5.5 billion in 2012,
manufactures and distributes a wide array of fiber-based products,
which include communication papers, specialty and packaging papers
and adult incontinence products.
The company is the largest integrated marketer of uncoated
freesheet paper in North America with established brands such as
Cougar, Lynx Opaque Ultra, Husky Opaque Offset, First Choice and
Domtar EarthChoice. Domtar also owns and operates an extensive
network of strategically located paper and printing supplies
distribution facilities.NCR CORP-NEW (NCR): Free Stock Analysis ReportORBOTECH LTD (ORBK): Free Stock Analysis ReportDOMTAR CORP (UFS): Free Stock Analysis ReportXEROX CORP (XRX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment
Through this acquisition Domtar added a globally strong brand name
to its broad paper offering. The acquisition also allows Domtar to
better serve its customers. Domtar will include the business
acquired into its pulp and paper segment.
The deal is a win-win situation for both these companies. While it
provides a comprehensive one-stop shop solution for Domtar; on the
other hand, it enables Xerox to focus on its core business of
selling its broad range of consumables, such as toner and ink and
Domtar currently has a Zacks Rank #3 (Hold) for the short term.
Other players in the industry who are worth a look include
Orbotech Ltd. ( ORBK ) which has a
Zacks Rank #1 (Strong Buy) and NCR Corp. ( NCR ), which has a
Zacks Rank #2 (Buy).