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ROTHSCHILD, WI (WSAU-WAOW) – Domtar in Rothschild is in talks with a paper company in Canada.
While Domtar confirmed it is talking to Canada’s Paper Excellence, it’s unclear if a possible merger or an outright sale will take place.
In March, the company sold its personal care business for more than $900 million. At the time Domtar said it would use $600-million to pay down debt and the rest to buy back stock shares.
On Thursday the company reported a net loss of nearly $30 million.
WAOW-TV has reached out to both Domtar and Paper Excellence, with Domtar saying in part: “Domtar acknowledges that its management has been in discussions with paper excellence about such a potential transaction. However these discussions may or may not result in an agreement.”
The company went on to say that “it does not intend to make further comment unless or until there is a transactions to announce.”
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