Domtar in talks with the company on a potential transaction | Business
FORT MILL, SC – Domtar says that in response to media speculation, he acknowledges that his management has had discussions with another company about a potential transaction.
“However, these discussions may or may not lead to a deal,” Domtar said in a statement on Friday.
The company Domtar speaks with is Paper Excellence, a privately held specialty pulp and paper, printing, writing and packaging manufacturer with operations in Canada and Brazil. The company is financially based in the Netherlands and its head office is in Richmond, British Columbia. It is the second largest pulp and paper producer in Canada.
Domtar does not intend to comment further unless or until there is a transaction to be announced.
Domtar’s Kingsport plant has been in the city center since 1916, and its conversion from fine paper production to cartonboard production will keep it for another 100 years.
That’s what plant manager Troy Wilson said as the conversion proceeded on schedule to be completed by the first quarter of 2023.
Domtar is a leading supplier of a wide variety of fiber-based products, including communications, specialty and packaging papers, market pulp and air-powered nonwovens. With approximately 6,400 employees in more than 50 countries around the world, Domtar transforms sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $ 3.7 billion and its common shares are traded on the New York and Toronto stock exchanges.
Domtar’s main executive office is in Fort Mill, South Carolina. To learn more, visit www.domtar.com.