Financial terms of the deal were not immediately available.
The sale of the mill is a requirement under an agreement between Domtar and the
Resolute says once the sale of the mill is complete it expects to enter into a long-term wood chip and biomass supply deal that will see it continue to provide chips and biomass to the operation.
The agreement is expected to close in the second half of the year and is subject to closing conditions, including required regulatory approvals.
Paper Excellence completed its acquisition of Resolute through its Domtar subsidiary on
This report by The Canadian Press was first published
© 2023 The Canadian Press. All rights reserved., source