MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

International Paper to Explore xpedx-Unisource Merger

International Paper (NYSE: IP), Memphis, TN, has agreed to explore a proposed business combination of xpedx, International Paper's distribution business, and Unisource Worldwide Inc., Norcross, GA. Both xpedx and Unisource are business-to-business distributors of printing, packaging and facility supplies.

The discussions were initiated when Unisource approached International Paper about a possible merger, and on April 19, the parties agreed to explore a possible transaction.

The letter of intent outlines a transaction in which International Paper would contribute the assets of xpedx to a newly-formed corporation, and receive a cash dividend financed with debt in the new corporation's capital structure. This new corporation would be spun off to International Paper shareholders and then merged with Unisource.

Following the spin-off and merger, the new company would be an independent, publicly traded corporation with a majority of independent directors. Some combination of current xpedx and Unisource management is expected to lead the new company.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center