November 30, 2021 By P&PC Staff
The Paper Excellence Group has announced the successful closing of its previously-announced acquisition of Domtar, a provider of fibre-based products, on November 30. This acquisition strengthens the position of the Paper Excellence Group in the industry. It also increases its global reach, adds to its pulp and paper production significantly and expands its product range to include airlaid nonwovens and containerboard.
“Today marks a major milestone in the growth of the Paper Excellence Group,” said Joe Ragan, global CEO of 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 U.S. and Canada.”
Domtar will operate as a stand-alone business entity within the Paper Excellence Group. Domtar’s current CEO and management team will remain in place. No changes are being made at this time to Domtar’s locations, business plans and employee base.
“As part of the Paper Excellence Group, the future is bright for Domtar,” said John Williams, president and CEO of Domtar. “We will continue to earn the right to be the supplier of choice to our customers with sustainable paper, pulp and packaging products.”
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