After much consideration, Nekoosa has chosen to discontinue and exit our DIGITAL COATED paper offering at the end of 2020 and we will be selling off our existing inventory without replenishment. The decision to exit this lane was not an easy one, but at the end of the day we do feel it’s best for our business. We are operating on a “while supplies last” basis for this product line and customer service can let you know our current stock levels and pricing for the SKUs that you typically buy. The reasons for this decision can be summarized as a combination of things such as: supply chain issues, an interest in freeing up converting equipment to focus on other product segments, and profitability of the line.

Paper Excellence Canada announced it has donated $50,000 to the Canadian Red Cross. A majority of the donation will support ongoing emergency management operations in British Columbia and Saskatchewan, while a donation of $20,000 was made earlier this fall to Nova Scotia Red Cross in response to Hurricane Fiona. Paper Excellence Canada currently has operations in British Columbia, Saskatchewan, and Nova Scotia. “The Red Cross is a constant, comforting presence across the world, but that is especially true here at home in Canada, so we are very pleased to be supporting the Red Cross in the provinces where Paper Excellence Canada operates,” said Graham Kissack, Vice President EH&S and Corporate Communications for Paper Excellence Canada.

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)