Domtar acquires HDIS

Friday, August 19, 2016

FORT MILL, S.C. ā€“ Domtar Corporation has agreed to acquire direct-to-consumer supplier Home Delivery Incontinent Supplies, it announced Aug. 18. The deal, expected to close by the end of the year, is worth $45 million with a possible earn-out payment of up to $10 million. The Olivette, Mo.-based HDIS was founded in 1986. It has 240 employees and total revenues of approximately $65 million. Domtar is a provider of fiber-based products, including communication, specialty and packaging papers, market pulp and absorbent hygiene products. Its annual sales are approximately $5.3 billion. ā€œDirect-to-consumer engagement and interaction is growing, and provides unique consumer and customer insights that are critical to continuously improve the value of our offering,ā€ said Michael Fagan, president, Domtar Personal Care division.