(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 firstname.lastname@example.org.
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.
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.
SOURCE DOMTAR CORPORATION
For further information:
| MEDIA AND INVESTOR RELATIONS || FOR MORE INFORMATION |
| Pascal Bossé |
Vice-President, Corporate Communications
and Investor Relations
| Bonny Skene |
Regional Public Affairs