March 1, 2021 – Today, American Industrial Partners Capital Fund VII, LP, an investment fund managed by American Industrial Partners (“AIP”) closed on its investment in Domtar Personal Care, a division of Domtar Corporation (NYSE: UFS) (TSX: UFS) that manufactures, distributes, markets, and sells adult incontinence, infant, and related personal hygiene products. Moving forward, Domtar Personal Care will benefit from AIP’s financial and operational resources to drive continuous improvement initiatives across global operations, enhance capabilities to more broadly serve customers, and fund future growth across business segments and geographies.
Headquartered in Raleigh, NC, Domtar Personal Care is a leading provider of branded and partner-branded products for the retail, healthcare, and direct-to-consumer channels. Domtar Personal Care manufactures over 4 billion pieces annually across four facilities in North America and Europe.
“Our entire team is excited to work with AIP in this next phase of our growth. AIP has a long and consistent track record of operational excellence that we will surely benefit from. We plan to closely align with AIP while executing on an Operating Agenda that supports our growth, innovation, and operational plans, and builds on our market leading positions,” said Michael Fagan, CEO of Personal Care. “We’re energized and look forward to engaging with our customers to share more details of our exciting future plans.”
“We are excited to partner with Domtar Personal Care’s highly talented management team and dedicated 2,000 associates world-wide to support the next phase of the company’s growth. Together, we can build upon Domtar Personal Care’s successful customer-centric strategy and differentiated approach to supporting its customers in the personal hygiene space” said Jeff Birenbaum, partner of AIP. “We believe AIP’s experience in new product development and operational excellence, combined with our committed financial resources, will be additive to Domtar Personal Care and provide its customers with continued product innovation and excellent service.”
About American Industrial Partners
American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, American Industrial Partners has completed over 100 transactions and currently has more than $7 billion of assets under management on behalf of leading pension, endowment, and financial institutions. For more information on American Industrial Partners, visit www.americanindustrial.com.
About Domtar Corporation
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and nonwoven airlaid. With approximately 6,600 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $3.7 billion, and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar’s principal executive office is in Fort Mill, South Carolina. To learn more, visit www.domtar.com.