Resolute’s Thunder Bay pulp and paper mill to be sold

Canadian Commissioner of Competition has approved the acquisition of Resolute Forest Products by Domtar Corporation, a wholly owned subsidiary of Canada’s Paper Excellence. Under the definitive agreement signed in July 2022 Domtar will acquire all of the outstanding common shares of Resolute stock for $20.50 per share...

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Despite some turbulent conditions, many pulp producers experienced a strong market in 2022 and were able to end the year with record high profits. The market was buoyed by the economic recovery as the acute phase of the pandemic came to an end, while demand remained high for numerous paper products well into the second...