Paper Excellence Group and Resolute Forest Products to Sell Thunder Bay Pulp & Paper Mill - Papermart
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Paper Excellence Group and Resolute Forest Products to Sell Thunder Bay Pulp & Paper Mill

Paper Excellence’s wholly-owned subsidiary Domtar Corporation had signed a contract with Resolute, a global forest products company, to acquire all of the outstanding common shares of Resolute stock.

November 1, 2022

Paper Excellence
In July this year, the firm signed a contract with Resolute.

The Paper Excellence Group and Resolute Forest Products Inc. have expressed their intention to sell Resolute’s Thunder Bay pulp & paper mill to further facilitate the regulatory review process.

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In July this year, the Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, signed a contract with Resolute, a global forest products company, to acquire all of the outstanding common shares of Resolute stock.

“Today’s announcement is a clear demonstration of our commitment to timely complete the acquisition of Resolute,” said Mr. Patrick Loulou, Vice Chair and Chief Strategy Officer of the Paper Excellence Group.

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Mr. Remi G. Lalonde, Resolute’s President and CEO, stated, “The mill is an exceptional asset. I am confident that the dedicated and talented team in Thunder Bay will have a prosperous future with any company fortunate enough to have them as part of their organization.”