One of Western Canada’s largest forest-products businesses, Paper Excellence, moved into the U.S. market on Tuesday by launching a US$2.8-billion takeover of Domtar Corp., a company twice its size. …The total value of the acquisition, including debt, is US$3-billion. Privately owned Paper Excellence, based in Richmond, B.C., is controlled by Jackson Widjaja, a third-generation member of a billionaire Indonesian family that also owns one of Asia’s largest pulp and paper companies. Paper Excellence has 2,800 employees at seven facilities, mostly in British Columbia, and saw sales last year of $2.4-billion. Montreal-based Domtar employs 10,000 workers at 13 mills, mainly in the eastern United States, and 2020 sales were US$3.7-billion. …Regional players such as lumber company Interfor Corp. and pulp producer Mercer International Inc. are takeover targets, analyst Paul Quinn at RBC Capital Markets said in a recent report. Likely buyers include Canfor Corp., which has a $4.3-billion market capitalization. [We respect the copyrights of the source publication – full access may require a subscription]