IP, Unisource Worldwide Explore Creation of Standalone Distribution Business
 Print this article | Send to Colleague
Unisource Worldwide, Norcross, Ga., USA, this week announced that it is engaged in exclusive talks with International Paper, Memphis, Tenn., regarding a proposed transaction in which its xpedx distribution business would be combined with Unisource. Unisource and xpedx are complementary business-to-business distributors of printing paper, packaging, and facility supplies.
The discussions were initiated after Unisource approached IP about the potential business combination, and on April 19 the parties entered into a non-binding letter of intent to explore a possible transaction. Unisource will continue doing business as usual until a proposed deal is closed. If no transaction is completed, Unisource will remain a private company. Combining the two businesses would enable an expanded geographic reach to important regions of the world, and further optimize and strengthen the supply chain, resulting in better customer service
Seth Meisel, a member of the Unisource Board of Directors and a managing director at Bain Capital, the majority owner of the company, said that "Unisource and xpedx serve their markets and customers well. A new company that unites their capabilities can create even more opportunities to deliver value and growth."
|
|
