• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    Roofing & Construction Update

    Sustainability Efforts Continue

    Needlepunch Market Report

    Spunmelt Nonwovens Surge

    A Conversation with the Responsible Flushing Alliance
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    PCMC Redesigns Rx200 and Mako Clipper Wet Wipes Machines

    Honest Company Plans IPO

    Asia Wipes Summit Held Successfully in Shanghai

    Precision Textiles Offers Biodegradable Medical Fabric

    Northshore Launches Megamax Briefs in New Colors
    Nonwovens Insights
    Online Exclusives
    Absorbent Core
    Adult Incontinence
    Antimicrobials
    Apparel
    Automotive and Transportation
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    PCMC Redesigns Rx200 and Mako Clipper Wet Wipes Machines

    Roofing & Construction Update

    Honest Company Plans IPO

    Asia Wipes Summit Held Successfully in Shanghai

    Precision Textiles Offers Biodegradable Medical Fabric
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunlace
    Thermal Bonded
    Wetlaid

    Needlepunch Market Report

    Spunmelt Nonwovens Surge

    Mondi Starts Face Mask Production in Germany

    Meltblown—Nonwovens' Golden Fleece

    Armbrust Expands Product Line Up
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    ANEX+SINCE to be Held in July

    Kingsafe’s Growth Path

    Southeast Asia Nonwoven Capacity and Demand Development

    Jofo Focuses on Expansion

    Supreme Nonwoven Group
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Sustainability Efforts Continue

    Asia Wipes Summit Held Successfully in Shanghai

    European Nonwovens Production Exceeds 3 Million Tons

    INDEX Postponed to October

    ANEX+SINCE to be Held in July
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    Shemesh Automation

    Mechanical Specialties, Inc.

    Alliance Machine and Engraving

    WEIMA America, Inc.

    Cellulose Solutions LLC.
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Slideshows
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • Whitepapers
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Domtar Sells Personal Care Unit

    Private equity firm buys business in $920 million deal

    Related CONTENT
    • PFNonwovens Adding New Capabilities in Znojmo
    • Aries Face Masks Meet ASTM Standards
    • Tufropes Launches Inherently Antibacterial and Antimicrobial Spunbond
    • Roofing & Construction Update
    • NXTNano Adding Three Lines
    01.08.21

    Domtar Corporation has entered into a definitive agreement to sell its personal care business to American Industrial Partners (AIP) for $920 million.
     

    In August, Domtar executives had announced the company was putting the personal care business up for review. Since then, the company has undertaken a comprehensive strategic review of value-creating alternatives for the business. With the sale, Domtar is reinforcing its focus on building an industry-leading paper, pulp and packaging company to deliver long-term shareholder value.
     

    “This transaction represents a milestone in Domtar’s ongoing portfolio transformation and further advances our strategic initiatives that will position Domtar for a sustainable and successful future,” says John D. Williams, President and Chief Executive Officer of Domtar. “We conducted a thorough review of strategic alternatives for personal care and believe the sale maximizes value to Domtar shareholders by allowing us to strengthen our balance sheet, enhance liquidity and buy back shares. The robust interest received reflects the excellent work by our team to improve profitability, gain new customers and enhance the operating structure and cost profile of the business. We are confident that AIP is the right owner to advance the business and look forward to working with them to execute a smooth and successful transition for the customers and employees of personal care.

     
    Domtar plans to use the proceeds of the sale to pay down debt and repurchase shares.


    “The sale is an important component of our strategic plan and will provide us with additional capital and resources to strengthen and invest in the future of Domtar, leading to a more focused business portfolio,” Williams adds. “We are making solid progress with the conversion of the Kingsport, TN mill, and are excited about the prospects for building a large, value-added packaging business. We expect construction to officially begin at Kingsport in the second quarter of 2021, setting the stage for the completion of North America’s premier lightweight containerboard facility, with the ability to produce and market approximately 600,000 tons of high-quality recycled linerboard and corrugated medium, by the end of 2022.”
     

    A New York, NY-based private equity firm, American Industrial Partners, invests in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989.
     

    Domtar’s personal care unit, which is generating about $110 million in annual earnings before interest, taxes, depreciation and amortization, has grown sharply in recent years thanks largely to a slate of acquisitions which include Attends adult incontinence businesses in North America and Europe, Associate Home Products, a U.S. private label diaper maker, Labatorio Indas, a Spanish hygiene specialist and Butterfly BodyLiners a start-up in the bowel leakage space. Rumored suitors for the business had previously included Ontex.

     

     


     

    Related Searches
    • North America
    • Feminine Hygiene
    • Mergers and Acquisitions
    • Adult Incontinence
    Related Knowledge Center
    • Mergers and Acquisitions
    • Adult Incontinence
    • Feminine Hygiene
    Suggested For You
    PFNonwovens Adding New Capabilities in Znojmo PFNonwovens Adding New Capabilities in Znojmo
    Aries Face Masks Meet ASTM Standards Aries Face Masks Meet ASTM Standards
    Tufropes Launches Inherently Antibacterial and Antimicrobial Spunbond Tufropes Launches Inherently Antibacterial and Antimicrobial Spunbond
    Roofing & Construction Update Roofing & Construction Update
    NXTNano Adding Three Lines NXTNano Adding Three Lines
    Honest Company Plans IPO Honest Company Plans IPO
    Essity Acquires Distribution Rights to Sorbact in Australia and New Zealand Essity Acquires Distribution Rights to Sorbact in Australia and New Zealand
    Metrex Launches CaviWipe 2.0 Surface Disinfectant Wipes Metrex Launches CaviWipe 2.0 Surface Disinfectant Wipes
    Aplix Expands in France Aplix Expands in France
    A Conversation with the Responsible Flushing Alliance A Conversation with the Responsible Flushing Alliance
    Nice-Pak Meets Consumer Demands Nice-Pak Meets Consumer Demands
    Reicofil Names Dual Managing Directors Reicofil Names Dual Managing Directors
    Kimberly-Clark Announces Price Increases Kimberly-Clark Announces Price Increases
    European Nonwovens Production Exceeds 3 Million Tons European Nonwovens Production Exceeds 3 Million Tons
    Nannocare Expands into Light Incontinence Nannocare Expands into Light Incontinence

    Related Breaking News

    • Diaper, Baby | Wipes
      Honest Company Plans IPO

      Honest Company Plans IPO

      Company files to sell $100 million worth of shares
      Karen McIntyre, editor 04.12.21

    • Adult Incontinence
      Northshore Launches Megamax Briefs in New Colors

      Northshore Launches Megamax Briefs in New Colors

      Black and tie-dye now available
      Tara Olivo, associate editor 04.07.21

    • Medical | Mergers and Acquisitions | Pacific Rim

      Essity Acquires Distribution Rights to Sorbact in Australia and New Zealand

      Purchase will accelerate hygiene company's growth in advanced wound care
      Tara Olivo, associate editor 04.06.21


    • Airlaid | Mergers and Acquisitions | North America

      Glatfelter Can Proceed with Acquisition of G-P's U.S. Nonwovens Business

      Antitrust regulatory process has concluded
      Tara Olivo, associate editor 03.30.21

    • Diaper, Baby

      First Quality Donates Half a Million Cuties Diapers

      Diaper donation helps 16,000 families during pandemic
      Tara Olivo, associate editor 03.30.21

    • Adult Incontinence
      Nannocare Expands into Light Incontinence

      Nannocare Expands into Light Incontinence

      NannoDry offers all day comfort and protection
      03.29.21


    • Diaper, Baby
      Ontex Partners with Woosh to Roll Out Diaper Recycling Program

      Ontex Partners with Woosh to Roll Out Diaper Recycling Program

      Program to begin in Mechelen next month, expand to other Belgian cities in coming months
      Karen McIntyre, editor 03.23.21

    • Feminine Hygiene
      Essity Launches Menstrual Cup

      Essity Launches Menstrual Cup

      Libresse V-Cup complements the company's range of feminine care products
      Tara Olivo, associate editor 03.19.21

    • Facilities/Capacity | North America | Spunlace

      Fibertex Nonwovens to Expand U.S. Site

      Company to build spunlace line, acquire additional land in South Carolina
      03.17.21


    • Medical | North America

      Homtex Receives FDA Approval for Surgical Masks

      Alabama-based company has the capacity to produce 700 million surgical masks and 20 million NIOSH N95 masks annually
      Tara Olivo, associate editor 03.16.21

    • Medical | Mergers and Acquisitions

      Vernacare Acquires Robinson Healthcare

      Deal combines two healthcare, wipes companies
      03.09.21

    • Feminine Hygiene

      Bostik Launches Stay In Place Technology for Pads

      StayX withstands the twists and turns of normal wear
      Karen McIntyre, editor 03.09.21


    • Adult Incontinence
      Principle Business Enterprises Celebrates 60 Years

      Principle Business Enterprises Celebrates 60 Years

      Manufacturer recently streamlined its selection of incontinence care products
      Tara Olivo, associate editor 03.03.21

    • Filtration | Mergers and Acquisitions | North America

      Mann+Hummel Invests in Pamlico Air

      Move strengthens company's air filtration portfolio in North America
      Tara Olivo, associate editor 03.03.21

    • Adult Incontinence | Diaper, Baby | Feminine Hygiene | Mergers and Acquisitions | North America

      Domtar Completes Sale of Personal Care Business

      Unit was acquired by American Industrial Partners
      Tara Olivo, associate editor 03.02.21

    Trending
    • Precision Textiles Offers Biodegradable Medical Fabric
    • Honest Company Plans IPO
    • Tufropes Launches Inherently Antibacterial And Antimicrobial Spunbond
    • NXTNano Adding Three Lines
    • U.S. Nonwovens Rebrands As Radienz Living
    Breaking News
    • PCMC Redesigns Rx200 and Mako Clipper Wet Wipes Machines
    • PFNonwovens Adding New Capabilities in Znojmo
    • Russ Torres Named Group President of Kimberly-Clark North America
    • Aries Face Masks Meet ASTM Standards
    • Tufropes Launches Inherently Antibacterial and Antimicrobial Spunbond
    View Breaking News >
    CURRENT ISSUE

    April 2021

    • Roofing & Construction Update
    • Sustainability Efforts Continue
    • Needlepunch Market Report
    • Spunlaid Polypropylene Capacity and Demand Outlook 2020, 2021–2025
    • Spunmelt Nonwovens Surge
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Study Finds People With Obesity are More Responsive To Food Marketing – Until Their Weight Drops
    Four-Week Fish Oil Regimen Showed Significant Muscular Damage Protection in Recent Study
    Review Covers Role of Vitamin K2 in the ‘Calcium Paradox’
    Coatings World

    Latest Breaking News From Coatings World

    Jebsen & Jessen, Innospec Sign Distribution Agreement
    VideoBite: Engineered Polymer Solutions
    Shepherd Color Unveils Bismuth Vanadate Yellow Pigment
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Medtronic Introduces Extended Infusion Set in Europe
    BioSig Launches Software Update for PURE EP Electrophysiology Platform
    Katena Acquires Ophthalmic Surgical Instrument Maker ASICO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    BioVersys Gets EIB Funds to Address Antimicrobial Resistance
    Microbiologics Expands Virology Services
    ATMPS, Ori Biotech Integrate Digital Platform for Cell & Gene Therapies
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Cosmoprof Worldwide Bologna Postpones 2021 Show
    Native Launches Broad Spectrum SPF 30 Mineral Sunscreens
    Revieve Launches Skin Coach
    Happi

    Latest Breaking News From Happi

    Azelis Earns 'Coup de Coeur' Award at Cosmetagora 2021
    BASF Increases Price of Kaolin
    Kao Launches Online Beauty Store in Europe
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Maxcess updates user interface for Fife guiding Sensor
    Bobst announces virtual packaging industry event
    Edale appoints agent in Poland
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    PCMC Redesigns Rx200 and Mako Clipper Wet Wipes Machines
    PFNonwovens Adding New Capabilities in Znojmo
    Russ Torres Named Group President of Kimberly-Clark North America
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Biogennix Rolls Out Agilon Strip Bone Graft
    Global Bone Tumor Ablation Devices Market to Top $111 Million by 2027
    GreenBone Ortho Closes 10 Million Euros Series B Funding Round
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence
    European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations
    SUPERSMART Wins 'Best Publicly Funded Project Demonstrator' in 2021 OE-A Competition

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login