Who’s behind Canada’s new pulp-and-paper powerhouse, and where’s the money coming from?

A few lines in business news last week marked the emergence of a new powerhouse in Canada’s forestry sector, as a company called Paper Excellence officially gobbled up Montreal-based Resolute Forest Products.

After 15 years of buying up Canadian pulp, paper and lumber mills, Paper Excellence is now the largest producer of paper pulp in the country, with about 20 per cent of all mill capacity — 50 per cent bigger than its closest rival, Canfor, according to data from pulp-market analysts TTOBMA.

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