Antalis Makes Binding Offer to Acquire Xerox's Western European Paper Business
NORWALK, Conn.--(BUSINESS WIRE)-- Antalis, the leading European merchant for print and office paper, has made a binding offer to acquire Xerox's (NYS: XRX) paper and print media products business in Western Europe. Antalis is a wholly-owned subsidiary of Sequana (NYSE Euronext Paris: SEQ), a global producer and distributor of paper.
"This announcement follows the sale earlier this year of Xerox's United States and Canadian paper business, as we continue to focus on growing business services and developing innovative document technologies," said Herve Chauveau, managing director, Xerox Document Supplies Europe. "As a leading distributor of paper and print media supplies, Antalis is well positioned to serve our clients exceptionally well and continue delivering the same high level of quality they expect from Xerox and our brand."
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. On closing, Xerox's paper business in Western Europe will become part of Antalis, which will hold exclusive rights for the marketing and distribution of Xerox-branded paper and print media products across the region.
This offer does 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, subject to closing conditions which include obtaining necessary regulatory approval from the EU Commission as well as employee communication and consultation.
Until the close, Xerox customers may order paper and media through Xerox and its resellers. After the sale closes, customers will order paper through Antalis and its trade reseller network.
The following countries are included in this transaction: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom.
Since the invention of Xerography 75 years ago, the people of Xerox have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping people be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., United States, more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organisations. Learn more at www.xerox.com.
Antalis is the leading European distributor of paper, packaging solutions, and visual communications products, ranking number 3 worldwide, with sales of 2.7 billion Euros in 2012. Our 6,000 employees serve more than 135,000 print and business customers worldwide, in 44 countries through its 108 distribution centres. Antalis makes 12,000 deliveries per day in Europe, and distributes 1.9 million tons of paper per year worldwide. Antalis is the distribution arm of Sequana. For further information, go to: www.Antalis.com.
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