MONTRÉAL, Aug. 1, 2023
/PRNewswire/ - Resolute Forest Products Inc., a subsidiary of
Domtar Corporation and a part of the Paper Excellence Group, today
announced that, on August 1, 2023, it
completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate
of Atlas Holdings, pursuant to the terms of the asset purchase
agreement dated May 26, 2023.
Resolute will continue to operate its sawmills and woodlands
operations in Northwestern
Ontario. With the closing of the transaction, the parties
have entered into certain ancillary agreements, including a
long-term woodchip and biomass supply agreement pursuant to which
Resolute will continue to provide chips and biomass to the
Thunder Bay mill.
The sale of the Thunder Bay
pulp and paper mill was a requirement under the consent agreement
entered into between Domtar Corporation and the Canadian
Commissioner of Competition and registered with the Canadian
Competition Tribunal in connection with its review of Domtar
Corporation's recent acquisition of Resolute.
About Resolute Forest Products
Resolute Forest Products is a leading producer of a diverse
range of wood, pulp, tissue and paper products, which are marketed
in 60 countries. The company operates some 40 facilities, as well
as power generation assets, in the United
States and Canada and has
third-party certified 100% of its managed woodlands to
internationally recognized sustainable forest management standards.
Resolute has received regional, North American and global
recognition for its leadership in corporate social responsibility
and sustainable development, as well as for its business practices.
Headquartered in Montreal
(Quebec), the company is a
subsidiary of Domtar Corporation and a part of the Paper Excellence
Group. To learn more, visit www.resolutefp.com.
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SOURCE Resolute Forest Products Inc.
