European merchant for print and office paper, a unit of paper producer Sequana, Antalis, Wednesday said it has made a binding offer to acquire Xerox's (XRX) paper and print media products business in Western Europe. The transaction is expected to close early in the fourth quarter of 2013, subject to closing conditions. 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.
Although Xerox does not manufacture paper, the company has distributed through its brand, coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper. Upon the closure of the deal, 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.
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