M&A Deal Summary

Domtar Acquires Iconex

On November 4, 2024, Domtar acquired forest products company Iconex from Atlas Holdings

Acquisition Highlights
  • This is Domtar’s 3rd transaction in the Forest Products sector.
  • This is Domtar’s 7th transaction in the United States.
  • This is Domtar’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2024-11-04
Target Iconex
Sector Forest Products
Buyer(s) Domtar
Sellers(s) Atlas Holdings
Deal Type Add-on Acquisition

Target

Iconex

Atlanta, Georgia, United States
Iconex is a low-cost provider of paper receipt solutions that transform business processes to drive profitability, productivity, customer satisfaction, and sustainability. Iconex was founded in 2015 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Domtar

Fort Mill, South Carolina, United States
Category Company
Founded 1848
Sector Forest Products
Employees8,900
Revenue 3.7B USD (2020)
DESCRIPTION

Domtar is a provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp, and air-laid nonwovens. Domtar was founded in 1848 and is based in Fort Mill, South Carolina.

DEAL STATS #
Overall 9 of 9
Sector (Forest Products) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Georgia) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Resolute Forest Products

Montreal, Quebec, Canada

Resolute Forest Products is engaged in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products. The company owns or operates some 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. Barclays is based in Montreal, Quebec.

Buy -

Seller(S) 1

SELLER

Atlas Holdings

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 12 of 12
Sector (Forest Products) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Georgia) 3 of 3
Country (United States) 11 of 11
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 NPX One

Reading, Pennsylvania, United States

NPX One is a food packaging manufacturer providing foam trays for fresh protein products to food processors, distributors, and supermarkets. NPX One is based in Reading, Pennsylvania.

Sell -
Mergr

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