Domtar sells Kamloops pulp mill to Montreal-based Kruger

Business Wire in the Financial Post
May 12, 2022
Category: Business & Politics
Region: Canada, Canada West

KAMLOOPS, BC — Employees at the Kamloops pulp mill now know who their new bosses will be. Montreal-based Kruger announced it has purchased the Kamloops pulp mill from Domtar. Domtar was taken over by South Carolina-based Paper Excellence in 2021, with the Canadian Competition Bureau approving the sale in November. As a condition of the sale, Paper Excellence was forced to sell the Kamloops mill for competitive reasons. … François D’Amours, CEO for Kruger said, “There is a natural fit between Kruger and the Kamloops Mill, which has an impressive track record in terms of performance, sustainability, health and safety and employee engagement. The acquisition is expected to close in the fourth quarter of 2022. The Kamloops pulp mill opened in 1965, was sold to Weyerhaeuser in 1971 and sold to Domtar in 2007.

In related coverage: Paper Excellence Announces Sale of the Domtar Kamloops Mill

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