The shareholdings were effectively split 55 for weyerhauser's shareholders and 45 for Domtar's former shareholders. Weyerhauser had the right to nominate a majority of the new board of directors. On March 7, 2007, the transaction officially closed, and weyerhauser tia was subsequently renamed as Domtar Corporation. 14 In March 2013, domtar announced it was acquiring Xerox's us and Canadian Paper businesses and began being the exclusive seller and distributor of Xerox products as of June 1, 2013. 15 16 Cornwall coated cover was produced for a time in Chinese paper mills due to the closure of the cornwall, Ontario plant, but production has since ceased. Environmental issues edit nova scotia edit The company was originally known as the dominion Tar and Chemical Company, limited. Its first plant was located in Cape Breton, nova scotia.
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On August 7, 2001, domtar purchased fate four paper mills and their associated businesses and assets from georgia-pacific Corporation for a total of US1.65 billion. With the acquisition of mills in Ashdown, Arkansas ; nekoosa and Port Edwards in Wisconsin ; and woodland, maine, domtar became canada's largest paper company in terms of sales, third-largest producer of uncoated free sheet paper in North America, and fourth-largest in the world. The port Edwards plant was closed in 2008 and sold in 2013, 7 and the woodland plant was sold in 2010. 8 In August 2011 Domtar acquired Attends healthcare, inc., manufacturer and supplier of incontinence products, from kps capital Partners,. 9 Domtar also purchased Attends healthcare limited, manufacturer and supplier of adult incontinence care products in Europe, from Rutland Partners for 180 million, pursuant to a definitive agreement entered into on January 26, 2012. 10 The brand was founded by Procter and Gamble in 1979. Merger with weyerhaeuser edit On August 22, 2006, domtar, Inc. Agreed to merge with the paper division of weyerhaeuser. 11 The merger was effected as an arrangement under the canada business Corporations Act, taking place in several steps: 12 weyerhauser transferred its division to weyerhauser tia, inc., 13 whose shares would be spun off to weyerhauser's shareholders. Domtar's shareholders would exchange their shares for those of weyerhauser tia.
In December 1997, domtar and shredder Cascades Inc. Developed a joint venture called Norampac. A major North American manufacturer and distributor of container board, norampac is Canada's largest producer of corrugated packaging. In 1998, it bought the. In January 2000, domtar launched an e-business application, e-paper, enabling merchants and distributors to communicate with Domtar via the Internet. It also enabled customers to check on inventory, place orders, and track orders in transit via truck-mounted gps units. In July 2000, domtar completed its acquisition of Ris Paper Company Inc., one of the largest independent merchants of commercial printing and business papers in the United States.
That same year, domtar acquired kaiser Cement's gypsum resources in the United States and Canada. 6 Lastly, the company founded Domtar Resources Inc. As an entry into the natural gas and oil exploration business in western Canada. The leveling off of energy costs eventually led to the venture's demise. In the early 1980s, domtar withdrew from its manufacturing activities abroad and closed its. Paper remained paramount and Domtar began to explore the potential for paper recycling, and the packaging Group proceeded to convert purchased waste paper into pulp. In 1989, the company divested itself of the Arborite Products and Salt divisions, and exited the consumer products business to turn to manufacturing commodities for conversion or packaging prior to sale.
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Acquisitions and rationalizations edit Throughout the 1970s, domtar began to re-evaluate its non-paper businesses as it continued to expand. The first noteworthy venture was the acquisition of Buntin reid Paper. Ltd., the largest independent fine war paper merchant in Canada. Next came the modernization and expansion of the flagship Cornwall, Ontario mill (closed in 2006 the expansion of the caledonia gypsum wallboard plant, investments in a new laminated products plant at Huntsville, and the acquisition of McFarlaneson hodgson Inc., a major Canadian fine paper merchant. Domtar also launched several joint ventures to increase its lumber operations and to supply more wood to its newsprint mill in Dolbeau, quebec. In 1978, Argus Corporation, a long-time controlling shareholder in Domtar, entered into a private deal with MacMillan Bloedel to sell its 19 stake.
Macmillan Bloedel proceeded to make a takeover bid for the rest of Domtar's shares, and Domtar retaliated with its own bid for mb's shares. When the Province of British Columbia announced that it was opposing any attempt to acquired mb, both bids were dropped and mb sold its Domtar shares to the caisse de dépôt et placement du québec in 1979. In 1981, the caisse and the société générale de financement du québec expanded their shareholdings to a total of 42 of all outstanding common shares. 5 In 1979, domtar acquired reed Limited, a subsidiary of. Pulp and paper manufacturer, with three corrugated container plants, a linerboard mill, and a waste paper recycling plant, all in the toronto area.
Operations were still based on coal tar, salt, and construction materials. However, throughout this decade the company negotiated a series of acquisitions to fuel its growth: In 1956, it began accumulating shares of Howard Smith Paper Mills, canada's largest fine paper company. Citation needed In 1958, it entered the field of construction materials with the acquisition of Gypsum, lime, alabastine canada limited, makers of gypsum wallboard It also elevated Dominion Tar into the ranks of the largest Canadian-owned corporations, with plants located across the country, over 350. While continuing to invest in all its business sectors, dominion Tar began to concentrate efforts on paper manufacturing, and converted the windsor, quebec pulp mill to exclusive production of bleached hardwood pulp and building a new greenfield pulp mill in Lebel-sur-quévillon. In 1962, the cape Breton operations were abandoned, leaving behind Dominion Tar's contribution to the sydney tar Ponds, a canadian hazardous waste site on Cape Breton Island, nova scotia. Creation of Domtar edit In 1961, dominion Tar entered into a merger with several other companies: Howard Smith Paper (involving those shareholders who had not yet sold out to dominion Tar citation needed.
Lawrence corporation Limited, and Hinde dauch Limited. In 1965, dominion Tar chemical Company, limited became known as Domtar Ltd. (later changed to domtar Inc.). In addition, the newly formed Domtar was reorganized into several operating divisions: Chemicals, consumer Products (sold to Bristol myers in 1967 construction Materials (sold to georgia pacific in 1998 Kraft and Fine papers, newsprint and Containerboard, and Packaging. In 1967, the latter three units were consolidated into a single pulp and paper group. By then, total corporate assets had reached 477 million, and Domtar was now determined to become a leader in paper manufacturing.
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It was then listed on the montreal and Toronto stock exchanges. By the following year, it had unlisted trading privileges on the. During shredder the Great Depression of 1931-36, operating costs were slashed and capital expenditures delayed. Employee wages were reduced 10 and management was consolidated. Several plants were closed — some temporarily, others permanently. Dominion Tar withheld its annual dividend on common stock from 1932 to 1937. In 1937, dominion Tar invested in Industrial Minerals, an Alberta company that was producing salt under the sifto brand. In the 1950s, the firm's assets grew from 35 million to over 500 million, with annual sales surging from 33 million to 325 million, and annual net profits climbing from less than.25 million to almost 19 million.
McLennan from nova scotia and Drummond, McCall. Of Montreal as the writing corporation's first Canadian shareholders. When the, first World War broke out in 1914, dominion Tar established its head office in Montreal. Incorporation in Canada edit, throughout the first quarter of the twentieth century, dominion Tar opened offices in Toronto, halifax, vancouver, and Calgary. On november 26, 1928, canadian business magnates. Sir Herbert Holt of Montreal and Harold Gundy of Toronto acquired the British-owned corporation. In 1929, dominion Tar and Chemical Company Ltd was formed as a canadian corporation in order to acquire the assets of the former company, and shortly thereafter offered its shares for public sale.
In 1910, the company obtained two major contracts. The first, from the. Canadian Pacific railway, was to treat railway ties, and the second, with the lake superior Iron steel Company (a predecessor. Algoma Steel was to process tar produced from the coke ovens at its. This required the financing of two new plants at opposite ends of Eastern Canada. Burt, boulton retained the majority of shares in the company but took on Senator.
Weyerhaeuser, domtar is not viewed as a canadian entity and does not qualify for inclusion in Canadian stock indexes. Contents, history edit, origins in Britain edit, in 1848, henry potter Burt founded Burt, boulton Holdings Ltd. In England, a company that specialized in treating timber against rot from moisture. The company used substances, such biography as creosote derived from coal tar, to prolong lumber's useful life, supplying railway ties and pilings for wharves and foundations throughout Europe and the British Empire. Within eleven years Burt, boulton was exporting to north America and acquired a sawmill. Quebec 's, eastern Townships. In the coal-intensive environment of the nineteenth and early twentieth centuries, there was an ever-increasing source of coal tar, and a demand for treated wood. Growth continued for Burt, boulton Holdings Ltd.
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Domtar Corporation thesis is the largest integrated producer of uncoated free-sheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade pulp. Citation needed, the firm designs, manufactures, markets and distributes a wide range of business, commercial printing, publication as well as technical and specialty papers with recognized brands such as cougar, lynx Opaque ultra, husky opaque offset, first Choice, sandpiper (premium 100 recycled unbleached and Domtar. Domtar owns and operates Domtar Distribution Group, an extensive network of paper distribution facilities. The company overall employs nearly 10,000 people. Its head office. Montreal and its operations center. Fort Mill, south Carolina. After a 2006 merger with us-based.