First Quality Announces Purchase of Domtar's Dryden Mill

Great Neck, NY – August 1, 2023 — First Quality Enterprises, LLC (“First Quality”) announced today the successful closing of its previously announced acquisition of Domtar Corporations’ pulp mill located in Dryden, Ontario, Canada (the “Dryden Mill”). The Dryden Mill produces high quality Northern Bleached Softwood Kraft pulp for customers in North America.

The Dryden Mill will operate as a stand-alone business within the First Quality Group of companies under the name Dryden Fibre Canada, ULC. There are currently no changes planned to the employees, operations, or business of the Dryden Mill.

Robert Chisholm, the Division Manager of Dryden Fibre Canada, ULC said, “We are very excited about closing on the acquisition of the Dryden Mill. The impressive team at the mill, led by Marie Cyr, is one of the many reasons that we pursued this opportunity and we look forward to our future and the continued success and growth of the Dryden Mill for generations to come. We also look forward to expanding on our local engagement and to strengthening our relationships with the host community, local Indigenous communities and all the Dryden Mill’s valued partners, customers and suppliers, and community stakeholders.”

Advisors

Wachtell, Lipton, Rosen & Katz, and Osler, Hoskin & Harcourt LLP are acting as legal advisors to First Quality.

About First Quality

The First Quality Group of companies is a closely held, diversified group of companies manufacturing, selling and distributing branded and private label absorbent hygiene, paper and packaging products into the healthcare, retail and commercial channels. First Quality is dedicated to meeting the demands of the market by providing innovative and high-quality products manufactured utilizing state-of-the-art technology. For more information, please visit https://www.firstquality.com.