Paper Excellence acquires Domtar in blockbuster $3 billion deal to expand into US market

Paper Excellence, a global manufacturer of pulp and printing, writing, specialty, and packaging papers, has acquired Domtar, the largest integrated producer of uncoated free-sheet paper in North America, for $55.50 per share. The all-cash transaction represents an enterprise value of approximately $3 billion.

After the transaction closes in the second half of 2021, Paper Excellence intends to continue the operations of Domtar as a standalone business entity. As such, Domtar will continue to be led by its current management team, and Paper Excellence plans to retain Domtar’s Fort Mill, S.C.-based corporate office and its production locations.