Paper Excellence Welcomes Domtar Into Its Group of Companies
Summary
LOS ANGELES--(BUSINESS WIRE)--The Paper Excellence Group, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, today announced the successful closing of its previously-announced acquisition of Domtar (NYSE: UFS) (TSX: UFS), a leading provider of fiber-based products. The acquisition further establishes Paper Excellence Group as an industry leader, significantly broadening its global reach and expanding its product range to include airlaid nonwovens and containerboard, in addition to significantly increased pulp and paper production. Morgan Stanley & Co. LLC, served as exclusive financial advisor to Domtar and Debevoise & Plimpton LLP, and Osler, Hoskin & Harcourt LLP, served as legal advisors to Domtar. The Paper Excellence Group, headquartered in Southern California, is a privately-held diversified manufacturer of pulp and specialty, printing and writing, and packaging papers, producing over 7 million tons annually with a workforce of over 10,000 in its nearly 40 locations across the Americas and Europe. Through its individual business units, the Group leverages its operational excellence and sustainable high-quality, cost-effective products to deliver high quality pulp and paper to its customers around the world.