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
Forest Treatment Continues In Arizona Despite Slow 4FRI Progress
In 2009, an out of control wildfire that led to the evacuation of 64 residences along with closures of schools, businesses and streets on the western edge of Williams, was a wake-up call to the town’s 3,500 residents. Labelled the Twin Fire, the fire began as a U.S....
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