The Paper Excellence Group has boosted its overall product offering and geographic reach after closing the previously announced acquisition of Resolute Forest Products.
Made through its wholly-owned subsidiary Domtar Corporation, the company said the move “creates a stronger and more resilient diversified forest products company, manufacturing a range of pulp products and specialty, printing, writing, and packaging papers, as well as lumber and tissue.”
Patrick Loulou, Vice Chairman and Chief Strategy Officer of the Paper Excellence Group, said: “Resolute’s business is complementary to our own. It introduces new products to our offering and allows us to welcome an impressive workforce, strengthening our existing team.
“We are well positioned with the addition of competitive lumber capacity at a time of significant shortage in housing stock throughout North America.”
Remi G. Lalonde, Resolute’s President and Chief Executive, added: “Together we are creating a stronger player in the global marketplace.”