Domtar Corporation entered into an asset purchase agreement with Appvion Operations, Inc. to acquire Appvion’s Point of Sale (POS) paper business. The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property. The transaction is expected to close in the 2Q 2020.
“The combination of Domtar’s world-class paper-making capabilities with the West Carrollton coater’s significant scale will make a globally competitive point of sale paper business and provide new options for our future growth,” Domtar President & CEO John Williams said.
Appvion will continue its focus and development efforts on its broad range of products servicing its customers in the Tag, Label & Entertainment markets, the Carbonless & Specialty paper markets, as well as the newly formed Packaging & Specialty Coating Division.
Domtar is a leading provider of a wide variety of fiber-based products.