Antalis Makes Binding Offer to Acquire Xerox’s Western European Paper Business

  Antalis Makes Binding Offer to Acquire Xerox’s Western European Paper

Business Wire

NORWALK, Conn. -- June 19, 2013

Antalis, the leading European merchant for print and office paper, has made a
binding offer to acquire Xerox’s (NYSE: 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

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

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.

About Xerox

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

About Antalis

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:

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Xerox^® and Xerox and Design^® are trademarks of Xerox in the United States
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Xerox Europe
Robert Corbishley, +44 1895 843239
Xerox Corporation
Karen Arena, +1-203-849-5521
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