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Domtar to Acquire Xerox's U.S. and Canadian Paper Business

Domtar Corporation (UFS.TO) has signed, through its operating subsidiaries, an agreement to acquire Xerox's paper and print media products business in the United States and Canada. Financial terms were not released.

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. This business will now become part of Domtar's pulp and paper segment, and Domtar will market and distribute Xerox-branded paper and print media.

UFS shares were up 64 cents at $80.01 on light volume of 4,500.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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