Domtar Corporation Acquires Iconex Paper for Strategic Growth
- Domtar Corporation has successfully completed the acquisition of Iconex Paper, enhancing its thermal paper product offerings in the U.S.
- The acquisition will enable operational and supply chain improvements for the production of point-of-sale receipts.
- This strategic move signifies Domtar's commitment to advancing the paper industry's sustainability and its growth in the point-of-sale paper business.
On November 4, 2024, Domtar Corporation announced the acquisition of Iconex Paper's point-of-sale receipt business, a move aimed at consolidating its position in the thermal paper market in North America. Located in Fort Mill, South Carolina, Domtar’s acquisition will enhance its supply chain capabilities, ensuring a steady provision of thermal paper for various consumer transactions, including ATM and retail receipts. Steve Henry, President of Paper and Packaging at Domtar, emphasized the commitment to the paper industry's long-term sustainability through this acquisition. Mike Rapier, President of Iconex Paper, reassured stakeholders that the company is excited about the new opportunities for growth and innovation within the paper receipt production industry as part of Domtar. This strategic integration positions Domtar for future expansion in a vital segment of paper products catered to daily consumer needs.