Paper Excellence wants US$400M for its Domtar softwood kraft pulp mill in Kamloops, British Columbia; company agreed with Canadian regulators to sell mill to avoid anti-trust issues as part of its recent US$3B acquisition of Domtar

Sample article from our Pulp & Paper Industry

LOS ANGELES , March 24, 2022 () –

Paper Excellence BV is seeking buyers for its Domtar pulp mill in Kamloops, British Columbia, and it wants US$400 million for it, BNN Bloomberg reported on March 24

Anonymous sources said Paper Excellence was working with the Bank of Montreal for advice regarding the proposed mill sale. Neither Paper Excellence, Bank of Montreal nor Domtar would provide comments to BNN Bloomberg.

Paper Excellence completed its US$3.0B acquisition of Domtar in November 2021. The company agreed with Canadian regulators to sell the Kamloops mill to avoid any anti-trust conflicts.

Domtar currently operates as a standalone business and employs about 6,000 people.

The primary source for this article is BNN Bloomberg, Toronto, Ontario, published March 24, 2022. To read the original article, click here

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