Domtar officially purchased by Paper Excellence in December 2021
In December 2021, Domtar Corporation’s (Domtar) acquisition by the Paper Excellence Group (Paper Excellence), a Canadian-based manufacturer of pulp and specialty printing and packaging papers, was officially completed. Paper Excellence initially purchased Domtar for $3.0 billion in May 2021. With the acquisition, Domtar will operate as a stand-alone business entity and its common stock will no longer be listed on the New York Stock Exchange or the Toronto Stock Exchange.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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