Weyerhaeuser, Domtar Unite Fine Papers

FEDERAL WAY, WA—Two major players in the fine paper sector have decided to combine their businesses in a multi-billion dollar megadeal.

Weyerhaeuser Co. and Domtar Inc. have come to terms on an agreement that sees the two companies marry their respective fine paper businesses in a $3.3 billion transaction. If approved, the company would become the largest uncoated freesheet paper manufacturer in North America.