Domtar Acquiring Resolute Forest Products

The Paper Excellence Group, through its wholly owned subsidiary Domtar Corporation, a global diversified pulp and paper manufacturer, plans to acquire Resolute Forest Products Inc., a global forest products company. With this addition to its family of companies, the Paper Excellence Group will further build out its portfolio in North America following the acquisition of Domtar last year. “Resolute is an ideal fit for our long-term growth strategy. It complements our existing pulp, paper, and packaging businesses and adds capabilities in lumber and tissue,” says Patrick Loulou, chief strategy officer of the Paper Excellence Group. Resolute will become a wholly owned subsidiary of Domtar, under the auspices of the group, and continue to operate on a business-as-usual basis under the Resolute name.