Weyerhaeuser to Combine Fine Paper Business With Domtar

“With this transaction, we are transforming Domtar into one of the world’s leading paper companies, creating a strong company for shareholders and presenting new opportunities for employees and customers,” Royer said. “We are proactively enhancing the quality of our asset mix and taking decisive action to assure our future in a consolidating industry. This compelling strategic and operational fit will make the ‘new Domtar’ financially stronger, with prominent brands, a lower cost base, and the necessary scale and scope to succeed in the highly competitive global marketplace.”