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Weyerhaeuser Paper Merges

Weyerhaeuser, the worlds largest paper company, announced Wednesday it will merge with Domtar, a paper company based in Canada, creating north America's largest maker of fine paper. It's a $3.3 billion deal that spread like wildfire at the plant in Plymouth, where the news finds mixed reaction among Weyerhaeuser's 700 employees at the Plymouth plant. Weyerhaeuser says the transaction will be complete by the first of the year. Domtar will take over operations then, including the plant in Plymouth. Weyerhaeuser hopes the merger will increase the growth of products like pulp, container board and wood products. For now Weyerhaeuser doesn't expect any layoffs, but can't say what will happen when Domtar takes over.


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