Domtar, Competition Bureau reach agreement

Domtar will sell off two northern Ontario mills to assuage Competition Bureau concerns about its takeover of Resolute Forest Products. A review by the bureau had found that the two companies’ combined strength in northern bleached softwood kraft pulp would impact competition in central and eastern Canada. Under the terms of a consent agreement, Domtar has pledged to divest itself of its Dryden, Ont., pulp mill and Thunder Bay pulp and paper mill following its purchase of Resolute.