Domtar Corporation Completes Sale of Personal Care Business
Domtar Corporation (NEW) (UFS)
Last domtar corporation (new) earnings: 2/7 06:55 am
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Source: Business Wire
(All financial information is in U.S. dollars, unless otherwise noted). FORT MILL, S.C.--(BUSINESS WIRE)--Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that it completed the previously disclosed sale of its Personal Care business to affiliates of American Industrial Partners for $920 million. This divestiture is a significant milestone in the Company’s strategic transformation to become a leading paper, pulp and packaging company.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210301005649/en/"The sale of The Personal Care business is part of our ongoing effort to strategically optimize our portfolio and allows us to strengthen our balance sheet, enhance liquidity and buy back shares," said John D. Williams, President and Chief Executive Officer. "I want to thank the employees for their hard work and dedication throughout the process, and for their contributions over the years."Following the closing of the sal
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