Domtar announces closing of sale of Lebel-sur-Quévillon assets
TICKER SYMBOL
(NYSE: UFS) (TSX: UFS)
MONTREAL, June 22, 2012 /CNW Telbec/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the closing of the definitive agreement for the sale by the company's Canadian subsidiary, Domtar Inc., of its Lebel-sur-Quévillon, Québec pulp and sawmilling assets to Fortress Global Cellulose Ltd. ("Fortress") and of its lands related to such assets to a subsidiary of the Government of Québec. Fortress will convert the mill to the production of dissolving pulp, a product intended for the viscose textile market.
The Lebel-sur-Quévillon pulp mill ceased manufacturing operations in 2005 and sawmilling operations in 2006.
_____________________________
About Domtar
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets
and distributes a wide variety of fiber-based products including
communication papers, specialty and packaging papers and adult
incontinence products. The foundation of its business is a network of
world class wood fiber converting assets that produce papergrade, fluff
and specialty pulps. The majority of its pulp production is consumed
internally to manufacture paper and consumer products. Domtar is the
largest integrated marketer of uncoated freesheet paper in North
America with recognized brands such as Cougar®, Lynx® Opaque Ultra,
Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is
also a leading marketer and producer of a complete line of incontinence
care products marketed primarily under the Attends® brand name. Domtar
owns and operates ArivaTM, an extensive network of strategically
located paper and printing supplies distribution facilities. In 2011,
Domtar had sales of US$5.6 billion from nearly 50 countries. The
Company employs approximately 9,100 people. To learn more, visit www.domtar.com.
Forward-Looking Statements
All statements in this news 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. The Company is under no obligation, and expressly disclaims
such obligation, to update, alter or revise these forward-looking
statements, whether as a result of new information, future events, or
otherwise. 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 Securities and Exchange Commission
as periodically updated by subsequently filed Form 10-Q's.
MEDIA AND INVESTOR RELATIONS
Pascal Bossé
Vice-President
Corporate Communications and Investor Relations
Tel.: 514-848-5938