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Hyatt Regency O'Hare We look forward to seeing you there! |
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September 2006 |
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Brown Paper Reporter www.brownpaper.com 800.221.4386 |
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Domtar To Become North America's Largest Fine Paper Company MONTREAL, Aug. 23, 2006 (PRNewswire-FirstCall) - Domtar Inc. today announced the creation of the largest manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world. Domtar has signed a definitive agreement to combine with Weyerhaeuser's fine paper business and related assets. The new company, to be called Domtar, will have its Head Office in Montreal, Quebec, while the Headquarters of Operations will be in Fort Mill, South Carolina. The transaction has been approved by the Board of Directors of both companies. "With this transaction, we are transforming Domtar into one of the world's leading paper companies, presenting shareholders with new opportunities and creating a stronger company for employees and customers," said Raymond Royer, Domtar's President and Chief Executive Officer, who will lead the new company in the same capacity. "We are proactively enhancing the quality of our asset mix and taking decisive action to assure our future in a consolidating industry. In addition to more than doubling Domtar's current paper production capacity, this compelling strategic and operational fit will make the new company financially stronger with prominent brands, a lower cost base and the necessary scale and scope to succeed in the highly competitive global marketplace", added Mr. Royer. Based on annualized Q2 2006 unaudited results for Domtar (excluding Norampac) and for Weyerhaeuser's fine paper business, Domtar estimates the new company would generate approximately US$6.5 billion in sales and US$730 million in EBITDA, before synergies. The new company will have an enterprise value exceeding US$6 billion. excerpt |
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September Babies! Susan Thompson - 2nd Barbara Shea - 3rd Karina Pirone - 4th Vicki Finch - 7th John Millar - 27th |
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School is open Drive carefully |
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Highland Computer Forms Bob, Phil, & Mickey Wilson, Susan Thompson |
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You may discover after reaching for something you think is beyond your grasp, that it really was within a hand’s reach after all. |