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The story
On 29 January 2007, Bowater Inc. and Abitibi-Consolidated announced they would be merging to create AbitibiBowater. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world. On 16 April 2009, the company filed for bankruptcy protection in the United States and similar protection under the Companies' Creditors Arrangement Act in Canada, eventually reporting debt of about US$6 billion. The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012. In a round of market consolidation, a new private company called the Paper Excellence Group acquired Catalyst Paper in 2019, Domtar in 2021 and Resolute in 2023.
Predecessor companies
The following are the principal predecessor companies of Resolute:
From Wikipedia’s article on Resolute Forest Products, shared under CC BY-SA 4.0.4