Domtar continues to grow its personal care business in Europe with the completion of the acquisition of Indas
(NYSE: UFS) (TSX: UFS)
MONTREAL, Jan. 2, 2014 /PRNewswire/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the closing of the acquisition of privately-held Laboratorios Indas, SAU ("Indas"), pursuant to a definitive agreement announced on November 19, 2013.
Indas is Spain's largest manufacturer and marketer of branded adult incontinence products, with its IncoPack and Indasec® line of products. With the addition of the new business, Domtar will become one of the leading adult incontinence products manufacturers in Europe, providing the Company with the critical mass upon which to build a pan-European business.
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 broad 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 10,000 people. To learn more, visit www.domtar.com.
SOURCE Domtar Corporation