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
Montana Logger Seeks $2.5 Million In Damages From U.S. Forest Service
A Rexford-based logger is seeking $2.5 million in damages from the U.S. Forest Service for what a federal court in February deemed the wrongful termination of his logging contract in the Kootenai National Forest. On April 29, a federal appeals court ordered the 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