Central National-Gottesman Inc. will subsequently sell US Midwest portion of Ariva to The Millcraft Paper Company.
MONTREAL – Domtar Corp. has sold its Ariva business in the US to privately-held Central National-Gottesman Inc.
The business will be integrated into Lindenmeyr Munroe, a division of Central National-Gottesman.
Financial details of the transaction have not been disclosed, but it is expected to close at the end of July.
In a subsequent transaction, immediately following the closing of the sale, Central National-Gottesman Inc., has agreed to sell the US Midwest portion of the Ariva business to The Millcraft Paper Company, a family-run paper merchant based in Cleveland, Ohio.
Ariva has approximately 400 employees in the US. Headquartered in Covington, Kentucky, Ariva operates from 15 locations across eight states in the Northeast and Midwest regions.
Ariva’s Canadian operations are not affected by the transaction. Upon closing, the Canadian operations will be consolidated into Domtar’s Pulp and Paper Division.
Domtar Corp. is a manufacturer of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The company employs more than 9,800 people and had sales of $5.5 billion from 50 countries in 2012.