The Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, and Resolute Forest Products Inc., a global forest products company, jointly announced that the Canadian Commissioner of Competition has entered into a consent agreement regarding the parties' business combination. Once the combination has been finalized, Domtar will acquire all of the outstanding common shares of Resolute stock for $20.50 per share and one contingent value right tied to potential duty deposit refunds of up to $500 million. The consent agreement filed by the Canadian Commissioner of Competition with the Competition Tribunal today completes one of the remaining conditions to the closing of the transaction. The transaction remains on course to close in the first half of 2023, subject to the satisfaction or waiver of the other conditions to the closing of the merger. (All financial information is in U.S. Dollars)

With the U.S. uncoated groundwood papers industry starting to see a level playing field against unfairly traded imports, North Pacific Paper Company (NORPAC) CEO Craig Anneberg announced the hiring of 50 new full- and part-time employees and the limited restart of operations for Paper Machine 1 (PM1) idled this past year: "NORPAC has a world-class facility that can compete with anyone in the world on a level playing field. With the recent trade case preliminary determinations made by the Department of Commerce, important steps toward fair competition for American producers, NORPAC is excited to announce the hiring of 50 new employees and the limited restart of operations for Paper Machine 1 at our Longview facility to meet growing demand. Click Read More below for additional information.

John Baird, Chairman of Canfor Pulp Products Inc. Board of Directors announced that Stephen Mackie has been appointed President and Chief Executive Officer of Canfor Pulp effective November 1, 2024. “With almost twenty years at Canfor and 30 years in the forest products industry, Stephen is a proven executive with an extensive background in operations,” said John Baird. “We are very pleased that Stephen has agreed to take on this important role and we believe that his in-depth knowledge of the fibre dynamics in BC make him particularly well positioned to lead Canfor Pulp at this time.” Mr. Mackie will also retain his responsibilities as Executive Vice President, North American Operations of Canfor Corporation.