Domtar and Conifex Agree to Terminate Deal
Jan. 8, 2008 - Domtar Corp. late yesterday said that its wholly-owned subsidiary, Domtar Inc., and Conifex Inc. have terminated the agreement announced June 22, 2007, relating to the sale of Domtar Inc.’s forest products business.
Conifex was to acquire sawmills and other forest operations situated in Ontario and Québec. Both parties recognized that closing conditions had not been met pursuant to the terms of the agreement, Domtar said.
Domtar added that it will continue to seek opportunities to maximize the value of these assets as well as pursue initiatives to improve their operational efficiency.
SOURCE: Domtar Corp.
See related story:
- Domtar to Sell Forest Products Business (6/22/07)