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Canadian Company Buys Domtar in $3B Deal


The Domtar plant in Ashdown (Little River County).
(Domtar)
Paper Excellence of Richmond, British Columbia, said this week that it is buying Domtar of Fort Mill, South Carolina, in a $3 billion cash deal.
Domtar operates a softwood and fluff pulp plant in Ashdown (Little River County) that opened in 1968. It employed about 500 people there as of the end of last year. It has 6,400 employees in 50 countries.  
Paper Excellence, which makes pulp and specialty, printing, writing and packaging papers, said it will operate Domtar as a stand-alone business entity. Domtar s management team and corporate and production locations will remain unchanged, the company said. ....

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