B.C.-based Paper Excellence to buy rival Domtar for $3 billion

Above, Paper Excellence's pulp and paper mill at Crofton on Vancouver Island. Photo by Diana Nethercott /Vancouver Sun

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With the deal, Paper Excellence gains bigger entry to U.S. market with Domtar's extensive investments in the manufacture of packaging products.

Richmond-headquartered Paper Excellence, British Columbia’s biggest pulp and paper producer, has struck a US$3 billion deal to buy rival Domtar, the formerly Montreal-based forestry giant now headquartered in South Carolina.

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Source: Vancouver Sun

 

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