Domtar wants to sell assets

Domtar wants to sell $150 million worth of assets, including its forest products business, to reduce its debt and to focus on its core business.

Domtar president John Williams said that many parts of its diversified paper, pulp and wood business were hit hard by the speed of the global economic slowdown last year and they continue to face challenges.

But, he said, it has become clear that Domtar's biggest money maker is what the industry calls uncoated freesheet paper, the type that's widely used in photo copiers and personal computer printers.

Read more:

Domtar CEO says sale of non-core assets looking more likely (The Canadian Press)