Skip to main content

The Globe and Mail

Domtar buys Xerox U.S. and Canadian paper business

A Domtar pulp machine in Hawesville, Ky. Montreal-based Domtar is buying Xerox’s specialty papers division for an undisclosed price.

Pierre Charbonneau/Domtar

North American paper giant Domtar Corp. is acquiring Xerox's paper and print media products business in Canada and the United States for an undisclosed price.

The Montreal-based company said Friday it will add Xerox's branded papers and specialty products to its own comprehensive offering.

Domtar CEO John Williams said the enlarged paper offering will allow the company to better service its customers.

Story continues below advertisement

As of 2009, Xerox reportedly bought the paper from AbitibiBowater, which later became Resolute Forest Products.

Xerox distributes a range of coated and uncoated papers, and specialty products including business forms along with carbonless and wide-format paper.

U.S.-based Xerox said it decided to sell the paper business to an industry leader as it focused more on services and document technology.

The transaction is expected to close in the second quarter, subject to normal closing conditions.

On the Toronto Stock Exchange, Domtar's shares gained 64 cents at $80.01 in Friday afternoon trading.

Report an error Licensing Options
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Globe Newsletters

Get a summary of news of the day

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.