Kruger to acquire Kamloops pulp mill owned by Domtar Inc.
by CM Staff
This acquisition will enable Kruger to secure the supply of pulp for some of its Québec paper mills.
MONTRÉAL — Kruger says its affiliate Kruger Specialty Papers Holding L.P. will purchase the issued and outstanding shares of DKP Pulp ULC.
After the agreement has been executed, Domtar Inc. will own and operate the Kamloops Mill at 2005 Mission Flats Road in Kamloops, B.C.
“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,” said François D’Amours, executive vice president and CEO for Kruger Inc., Kruger Specialty Papers’ parent company.
“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. Kruger has always maintained excellent relationships with its employees, customers, suppliers and communities and will make every effort to ensure a smooth and efficient transition, and to continue and strengthen these relationships.”
This acquisition will enable Kruger to secure the supply of pulp for some of its Québec paper mills. As a reminder, the company, which has 2,700 employees in Québec, is investing about $1 billion in Sherbrooke, Que. for the construction of two tissue plants.
With this acquisition, Kruger believes it will strengthen its presence in B.C. as an employer and provider of essential products. Taking into account its existing operations, the company will have nearly 700 employees in B.C.
