Competition Bureau approves buyers of Domtar mills to resolve competition concerns in Canada’s pulp and paper industry

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Summary:

The Competition Bureau has approved the acquisition of two Domtar Corporation's mills in Ontario by independent buyers. First Quality Enterprises, LLC will acquire Domtar's pulp mill in Dryden, while Atlas Holdings LLC will acquire Domtar's pulp and paper mill in Thunder Bay. The sale addresses competition concerns that arose from Domtar's merger with Resolute Forest Products Inc, which was likely to substantially lessen competition in the supply of NBSK pulp in Eastern and Central Canada, and in the purchase of wood fibre from private lands in northwestern Ontario. The transaction is expected to promote competition and benefit Canadian consumers and businesses.