The companies look forward to jointly strengthening the point-of-sale paper business through the strategic acquisition.
Nov 7, 2024
Domtar Corporation, a leading private manufacturer of diversified forest products, has announced the successful acquisition of Iconex Paper from Atlas Holdings.
Iconex Paper is the world’s leading low-cost provider of paper receipt solutions that transform business processes to drive profitability, productivity, customer satisfaction and sustainability. It converts thermal paper parent rolls into point-of-sale (POS) receipt rolls, serving customers in industries such as food service, retail, pharmacy, and financial services from its five North American locations in Arizona, Kansas, Tennessee, Virginia, and Mexico.
Watch: In Pursuit of Lesser Water Footprint
Talking about the acquisition, Domtar’s President of paper and packaging, Mr. Steve Henry, said, “With this acquisition, we’re well positioned to ensure customers experience the operational and supply chain excellence that comes from a fully integrated North American receipt paper business.” He adds, “This strategic acquisition demonstrates our commitment as an advocate for paper-based products and the paper industry’s long-term sustainability. We are delighted to welcome Iconex Paper to the Domtar family, and we look forward to jointly strengthening the point-of-sale paper business.”
Mr. Mike Rapier, president of Iconex Paper, will continue to lead the business and report to Domtar’s senior management.
Also Read: DS Smith Announces EUR 25 Million Capex in Poland
“All of us at Iconex Paper recognize that it’s an exciting time at Domtar, and we’re pleased to be a part of the growth of the business. We’re confident this next chapter with Domtar will enable us to develop new opportunities in the paper receipt production industry and provide greater solutions for our customers,” said Mr. Rapier.
