Tuesday, January 31, 2012

Domtar to Sell Closed Mill to Fortress

Domtar enters agreement to sell closed Lebel-sur-Quévillon mill to Fortress for $1:
Domtar Corporation has announced that it has signed a definitive agreement with Fortress Global Cellulose Ltd, and with a subsidiary of the Government of Québec, for the sale of its Lebel-sur-Quévillon assets. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2012.