The Globe and Mail reports in its Saturday edition that Domtar, a maker of specialty
and packaging papers as well
as adult incontinence products,
announced Friday that it has
acquired privately held EAM
Corp. for $61-million (U.S.). A Canadian Press dispatch to The Globe reports that the
acquisition of EAM from Kinderhook
Industries LLC will give the
company long-term research capabilities
to "further differentiate
our full line of adult incontinence
products while integrating
the best available technology to
grow our existing businesses,"
said chief executive
officer John Williams. EAM develops
and manufactures high-quality
materials used in feminine
hygiene, adult incontinence,
baby diapers and other medical,
health-care and performance
EAM operates a 71,000-square-foot facility with a state-of-the-art research campus and production lines in Jesup, Ga., and has annual sales of about $45-million (U.S.) in more than 50 countries. RBC Capital Markets analyst Paul Quinn says the purchase of EAM adds research and development capabilities, and allows Domtar to increase United States sales of fluff, which are primarily shipped at higher cost to Asia.
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