Two More Acquisitions Rock the Paper Industry

In separate news, Montreal-based Domtar Inc. has reached an agreement to acquire Florence, KY-based Ris Paper, one of the largest independent merchants of commercial printing and business papers in the United States. With its 680 employees, Ris operates 19 distribution branches in the United States. Ris reported that its sales in fiscal year 1999 were approximately US$600 million.