Domtar completes sale of Ariva business in the United States
(NYSE: UFS) (TSX: UFS)
MONTREAL, July 31, 2013 /PRNewswire/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the closing of the previously announced sale of its Ariva business in the United States. The purchaser is privately-held Central National-Gottesman Inc., and the business will be integrated into Lindenmeyr Munroe, a division of Central National-Gottesman.
Ariva's Canadian operations are not affected by the transaction and will be consolidated into Domtar's Pulp and Paper Division.
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 absorbent hygiene 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 as well as baby diapers. In 2012, Domtar had sales of US$5.5 billion from some 50 countries. The Company employs approximately 9,500 people. To learn more, visit www.domtar.com.
SOURCE Domtar Corporation