The Paper Excellence Group has confirmed the successful closing of its previously-announced acquisition of Domtar. The acquisition further establishes Paper Excellence Group, broadening its global reach and expanding its product range to include containerboard and airlaid nonwovens, in addition to significantly increased pulp and paper production.
Domtar will operate as a stand-alone business entity within the Paper Excellence Group, with Domtar’s current CEO and management team remaining in place. There are no further changes to operating locations, business plans, or Domtar’s employee base at this time.
“Today marks a major milestone in the growth of the Paper Excellence Group,” said Joe Ragan, Global Chief Financial Officer, Paper Excellence. “We are excited to welcome Domtar and its impressive team to the Paper Excellence family. Under John Williams and Domtar’s capable management, we look forward to Domtar’s continued success across its manufacturing network in the US and Canada.”
“As part of the Paper Excellence Group, the future is bright for Domtar,” said John Williams, President and CEO, Domtar. “We will continue to earn the right to be the supplier of choice to our customers with sustainable paper, pulp and packaging products.”
