Consumables

DOMTAR ANNOUNCES CLOSING OF TRANSACTION FOR THE SALE OF ITS PRINCE ALBERT, SASKATCHEWAN ASSETS

Thursday 05. May 2011 - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced the closing of its previously announced transaction to sell its Prince Albert, Saskatchewan assets to Paper Excellence Canada Holdings Corporation ("Paper Excellence").

The transaction includes all the remaining assets on the site. Paper Excellence will convert the former mill to the production of dissolving pulp, a product intended for the viscose textile market.
The Prince Albert mill was permanently closed in the second quarter of 2006 and has not been operated since. Domtar acquired the assets in 2007 as part of a transaction with Weyerhaeuser Company.