Domtar Inc. announced March 7 the completion of the previously announced transaction to combine with Weyerhaeuser Company's Fine Paper business and related assets, creating Domtar Corporation. Domtar Corporation is the largest manufacturer and marketer of uncoated freesheet paper and a leading manufacturer of market pulp in
"With a strong team of nearly 14,000 employees dedicated to creating value for customers and shareholders, a world-class manufacturing capability and a solid financial position, Domtar becomes the North American leader in the fine paper business," said Raymond Royer, president and CEO of Domtar Corporation. "The combination of knowledge and expertise in the design, manufacturing, marketing and distribution of fine paper gives the company, which will benefit from its efficient assets located across the
Marvin Cooper, executive vice president and chief operating officer, added: "Domtar is built on a solid foundation of rigorous leadership, established brands and recognized service solutions. We will focus our efforts on meeting the needs of customers and ensuring a quick and seamless transition to the new organization. Also, with an experienced management team with proven integration expertise, we will review all our operations to determine how best to execute the synergies resulting from the transaction."
The backbone of the new company consists of six highly efficient world-class uncoated freesheet mills that provide two-thirds of its nearly five million tons of annual capacity. These mills, combined with a solid mix of specialty facilities, make the new company one of the most efficient and cost-competitive paper companies in