Sequana : Sequana :Antalis has made a binding offer to Xerox to acquire their office paper distribution business in Western

Sequana : Sequana :Antalis has made a binding offer to Xerox to acquire their
             office paper distribution business in Western Europe

  
  

Press release   
Boulogne-Billancourt, 19 June 2013

   Antalis has made a binding offer to Xerox to acquire their office paper
                   distribution business in Western Europe

Antalis has made a binding offer to Xerox (NYSE: XRX) to acquire the company's
office paper distribution business in Western Europe, along with the exclusive
rights to market and distribute Xerox branded paper and digital print media in
Western Europe.

The acquisition, which is subject to the approval of the European  competition 
authorities, should be finalised early in the fourth quarter of 2013. Usual HR
procedures with the workers councils have started.

Xerox's office paper business employs about 280 people in 16 countries^(1). It
has annual  sales of  around  €300 million  and volumes  representing  280,000 
tonnes of paper.

The acquisition will enable Antalis to:
- strengthen its positions on the office paper market in Western Europe;
- offer an even  greater choice to its  customers, with complementary  product 
ranges and Xerox's highly renowned global brand;
- expand  its customer  base and  gain access  to new  sales networks,  namely 
Xerox's resellers;
- strengthen its strategic partnerships with its suppliers;
- bring new skills into the group;
- improve  profitability and  operating  efficiency, particularly  across  the 
supply chain by maximising storage capacities.

According to Pascal Lebard, Chief Executive Officer of Sequana and of Antalis:
"Playing an active role in the consolidation of the office paper  distribution 
market will give  Antalis critical mass  in this segment  and double both  its 
volumes and sales. This acquisition in a competitive market where size is  key 
will allow  Antalis to  strengthen  its legacy  business, maximize  cash  flow 
generation and improve profitability".

Hervé Poncin,  Chief  Operating  Officer  of Antalis,  said  "Thanks  to  this 
acquisition, Antalis  will  add a  global-renowned  brand in  the  office  and 
digital printing markets to its  offer. Strengthening our presence in  Western 
Europe is key to  continue our development  not only in  our core markets  but 
also in  emerging countries  and  in the  Packaging and  Visual  Communication 
sectors".

1. Countries included in  the offer are:  Austria, Belgium, Denmark,  Finland, 
France, Germany, Ireland,  Italy, Luxembourg,  Netherlands, Norway,  Portugal, 
Spain, Sweden, Switzerland and the UK

About Xerox
Since the  invention of  Xerography 75  years ago,  the people  of Xerox  have 
helped businesses simplify the way work gets done. Today, Xerox is 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

About Sequana
Sequana (NYSE Euronext Paris:  SEQ) is a major  player in the paper  industry, 
boasting leading positions in each of its two businesses:
- Antalis:  European  leader  in  the  distribution  of  paper  and  packaging 
products, with around 6,000 employees based in 44 countries.
- Arjowiggins: World leader in creative  and technical papers, with more  than 
5,000 employees.
Sequana reported sales of €3.9 billion in 2012 and employed some 11,000 people
worldwide.

Sequana
Analysts & Investors
Xavier Roy-Contancin
+33 1 58 04 22 80
Communication
Sylvie Noqué
+33 1 58 04 22 80
contact@sequana.com
www.sequana.com

Image Sept
Claire Doligez
Priscille Reneaume
+ 33 1 53 70 74 25
cdoligez@image7.fr
preneaume@image7.fr

Press Release

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