RICHMOND, BC – The Paper Excellence Group, through its wholly-owned subsidiary Domtar, today announced the successful closing of its previously announced acquisition of Resolute Forest Products. Today’s acquisition creates a stronger and more resilient diversified forest products company, manufacturing a range of pulp products and specialty, printing, writing, and packaging papers, as well as lumber and tissue. The acquisition of Domtar in 2021 and Resolute today significantly increases the Group’s scale, overall product offering and geographic reach. …“We are thrilled to welcome Resolute into the Paper Excellence Group,” stated Patrick Loulou, Vice Chairman. “We look forward to collaborating with our new colleagues, generating long-term value and driving sustainable economic activity in the communities where we operate,” said Remi G. Lalonde, Resolute’s CEO. …Resolute common stock will cease to be listed on the New York Stock Exchange and the Toronto Stock Exchange.