Unisource in talks to combine with International Paper unit

Norcross-based Unisource Worldwide said it is in talks to combine with a complimentary office and copier paper distribution business owned by International Paper.

Unisource did not say how the transaction to combine with Xpedx might come about. The International Paper unit distributes printing paper, packaging and related supplies to businesses. Talks began April 19, and Unisource said that if no deal is struck, it will remain a private company.

Unisource is majority owned by Bain Capital. The companies said a combination would expand their geographic reach and improve customer service. International Paper is the world’s largest maker of office paper.

Seth Meisel, a Unisource director and a Bain managing director, said a combined company would create more opportunities to deliver value and growth.

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