Paper Excellence Buys Domtar For $3 Billion
Paper Excellence, a North American manufacturer of pulp and specialty printing, writing and packaging papers headquartered in Richmond, British Columbia, Can., is acquiring Domtar for $3 billion.
After the transaction closes, Paper Excellence says it intends to continue the operations of Domtar as a stand-alone business entity. Domtar will continue to be led by its management team and Paper Excellence plans to retain Domtar’s corporate and production locations.
Paper Excellence has seven pulp and paper manufacturing facilities in Canada, with more than 2.8 million tonnes of production and $2.4 billion in annual sales.
Domtar maintains corporate offices in Fort Mill, SC and Montreal and operates multiple pulp, paper, converting, liner board and chip mill manufacturing facilities in North America, including a paper facility in Bennettsville, SC and a pulp facility in Ashdown, Ark. The company reported $3.65 billion in sales for 2020.
Latest News
OLC Raises College Scholarship Funds
A group of 23 teams and many generous sponsors helped raise more than $61,000 at the 5th Annual Oregon Logging Conference Foundation (OLCF) Clay Target Tournament fundraiser held on September 8, 2023. Proceeds will provide college and technical scholarships to be awarded by the OLCF. “Once again we are very fortunate to be able to hold this fundraiser and at the end of the day, we raised more than $61,000 which will provide financial assistance to the next generation workforce in our industry,” said event chair and OLC Board Member Jeanne Shuttleworth…
WANT MORE CONTENT?
Spanning seven decades since its inception in 1952, Timber Harvesting highlights innovative and successful logging operations across the U.S. and around the world. Timber Harvesting also emphasizes new technology and provides the best marketing vehicle for the industry’s suppliers to reach the largest number of loggers in North America and beyond.
Call Us: 800.669.5613