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Domtar inks acquisition of Iconex Paper

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November 12, 2024

Domtar Corp. has completed its acquisition of Iconex Paper, a POS receipt company for retail, ATMs and other services, from Atlas Holdings. The company has five locations in Arizona, Kansas, Tennessee, Viriginia and Mexico, according to a press release.

"Receipt products used by consumers every day — such as ATM, gas pump, food service and retail receipts — begin with thermal paper manufactured at Domtar's West Carrollton, Ohio, facility," Steve Henry, president of paper and packaging, Domtar, said in the release. "With this acquisition, we're well positioned to ensure customers experience the operational and supply chain excellence that comes from a fully integrated North American receipt paper business."

Mike Rapier, president of Iconex Paper, will continue to lead Iconex.

"All of us at Iconex Paper recognize it's an exciting time at Domtar, and we're pleased to be a part of the growth of the business," Rapier said in the release. "We're confident this next chapter with Domtar will enable us to develop new opportunities in the paper receipt production industry and provide greater solutions for our customers."