File Photo: Domtar Mill, Kamloops
(BRENDAN KERGIN / iNFOnews.ca)
May 12, 2022 - 11:12 AM
A Montreal-based company has announced it has bought the Domtar pulp mill in Kamloops.
With the deal expected to be complete within the second quarter of 2022, the Kamloops pulp mill was ordered to be sold as part of a merger agreement in 2021.
Kruger Specialty Papers, which sells bleached and unbleached softwood to North American and Asian customers, is now taking over the mill.
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"We're very excited about the opportunities that will arise from this acquisition, not only for Kruger but also for the Kamloops mill, B.C. wood fibre suppliers and the local community," Kruger chief operating officer Francois D'Amours said in a news release issued today, May 12.
Domtar was taken over by Richmond-based Paper Excellence last year, but the Competition Commissioner of Canada ordered the Kamloops mill must be sold to another company as part of the deal.
For Kruger, the acquisition will help supply pulp for its Quebec paper mills, where it employs 2,700 people, according to the release.
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In B.C., Kruger also owns a tissue plant in New Westminster and the Zeballos Lake Hydro Plant. Adding the Kamloops pulp mill under its umbrella, the company will have nearly 700 employees in B.C., according to the release.
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