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Domtar Corp (2)
Symbol UFS
Shares Issued 65,001,104
Close 2014-09-22 C$ 40.86
Market Cap C$ 2,655,945,109
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Domtar splits Xerox Paper into three segments

2014-09-23 12:10 ET - News Release

Mr. John Williams reports

DOMTAR MAKES KEY UPDATES TO ITS XEROX PAPER AND SPECIALTY MEDIA LINE

Domtar Corp. has made changes, including a whole new packaging look, a realignment of the product line, as well as a series of product enhancements, to its Xerox Paper and Specialty Media line.

In June, 2013, Domtar completed the acquisition of the Xerox Paper and Specialty Media line for United States and Canada. With its strong foundation in serving businesses and corporations, the Xerox Paper and Specialty Media line was already a well-known brand within the marketplace, and the Domtar leadership team wanted to continue to build on that success.

"Although we wanted to continue to leverage the great foundational work that Xerox had established within the paper category, we also wanted to grow the paper business, and expanding beyond large and corporate customers was a key driver for us," said John D. Williams, president and chief executive officer. "Our goal was to maintain the existing customer base, while still broadening the brand's appeal across new consumer targets, as well as increasing the presence of the Xerox Paper and Specialty Media line within new channels of business," Mr. Williams added.

The Xerox Paper and Specialty Media line has been reorganized into three product families, Vitality, Bold and Revolution, to help customers make better paper choices based on their usage and project needs.

Vitality includes versatile office papers that are great for a wide variety of uses and always provide great-looking results.

Bold is a line of professional office papers and digital printing papers designed to give users the highest-quality results, so that their work always looks a step above the rest.

Revolution is a line of specialized paper, films and materials that allow customers to create professional-looking marketing and business-building tools.

New packaging was created not only to reflect these changes, but also to refresh and modernize the look to align with Xerox's strong positioning within the marketplace.

"We worked hard to create a package that's not only attractive, but also one that reflects the professional nature of the brand and gives customers just enough information to make informed choices about their paper purchases," said Katie Zorn, marketing director for Domtar Business Papers.

Additionally, many of the product features have been enhanced to meet market demands. One result is by optimizing the office papers to perform in a wide variety of print devices, Domtar has eliminated the need to choose paper by print device.

Domtar, also known for its leadership in sustainability practices and strong commitment to domestic production, made the decision to add the rigorous Forest Stewardship Council (FSC) certification to nearly all of its office papers and digital printing paper products. Many of the certified products will bear the World Wildlife Fund panda logo, and the entire office papers line will be produced in either the U.S. or Canada.

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