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Published in House and Home on Wednesday, May 4th 2011 at 8:05 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
TICKER SYMBOL
(NYSE: UFS) (TSX: UFS)
MONTREAL, May 4 /CNW Telbec/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the closing of its previously announced transaction to sell its Prince Albert, Saskatchewan assets to Paper Excellence Canada Holdings Corporation ("Paper Excellence"). The transaction includes all the remaining assets on the site. Paper Excellence will convert the former mill to the production of dissolving pulp, a product intended for the viscose textile market.
The Prince Albert mill was permanently closed in the second quarter of 2006 and has not been operated since. Domtar acquired the assets in 2007 as part of a transaction with Weyerhaeuser Company.
For Paper Excellence media relations please contact [ media@paperexcellence.com ].
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About Domtar
Domtar Corporation (NYSE: UFS) (TSX: UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publishing as well as converting and specialty papers including recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice® Office Paper, part of a family of environmentally and socially responsible papers. Domtar owns and operates ArivaTM, an extensive network of strategically located paper distribution facilities. The Company employs approximately 8,500 people. To learn more, visit [ www.domtar.com ].
Forward-Looking Statements
All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions "Forward-Looking Statements" and "Risk Factors" of the latest Annual Report on Form 10-K filed with the SEC as updated by the Company's latest Quarterly Report on Form 10-Q. Unless specifically required by law, we assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances.
