MONTRÉAL, Sept. 22, 2016 /CNW
Telbec/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP)
today announced the signing of an agreement to acquire the assets
of Tembec's sawmill located in Senneterre, Quebec. By adding the operations
of the Tembec sawmill to those of the company's existing
Senneterre sawmill, Resolute
expects to improve the productivity of its facilities and optimize
the related woodlands operations in the Abitibi and Nord-du-Québec
regions.
The transaction will be completed once all the conditions
related to the purchase agreement are met to the satisfaction of
the parties.
Cautionary Statements Regarding Forward-Looking
Information
Statements in this press release that are not statements of
historical results, performance, financial condition, or other
historical information of Resolute Forest Products Inc. are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. They include, for
example, statements relating to the expected completion and
benefits of the proposed Senneterre sawmill asset acquisition.
Forward-looking statements may be identified by the use of
forward-looking terminology such as the words "will," "expect" and
other terms with similar meaning indicating possible future events
or potential impact on our business or our shareholders.
The reader is cautioned not to place undue reliance on these
forward-looking statements, which are not guarantees of future
performance. These statements are based on management's current
assumptions, beliefs, and expectations, all of which involve a
number of business risks and uncertainties that could cause actual
performance or outcomes to differ materially from those expressed
in this press release. Some of the potential risks and
uncertainties that could cause the company's actual future
performance or outcomes to differ materially from those expressed
or implied in this press release include, but are not limited to,
the possible failure to close the proposed acquisition or to
successfully integrate the acquired assets into our business; that
such integration may be more difficult, time-consuming or costly
than expected or that expected benefits from the acquisition may
not be fully realized or realized within the expected time frame;
and the potential risks and uncertainties described under the
heading "Risk Factors" in Part I, Item 1A of the company's annual
report on Form 10-K for the year ended December 31, 2015.
All forward-looking statements in this press release are
expressly qualified by the cautionary statements set out or
referred to above and in the company's filings with the U.S.
Securities and Exchange Commission and the Canadian securities
regulatory authorities. The company disclaims any obligation to
publicly update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, except
as required by law.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest
products industry with a diverse range of products, including
market pulp, wood products, tissue, newsprint and specialty papers.
The company owns or operates over 40 pulp, paper, tissue and wood
products facilities in the United
States, Canada and
South Korea, as well as power
generation assets in Canada and
the United States. Marketing its
products in close to 80 countries, Resolute has third-party
certified 100% of its managed woodlands to internationally
recognized sustainable forest management standards. The shares of
Resolute Forest Products trade under the stock symbol RFP on both
the New York Stock Exchange and the Toronto Stock Exchange.
Resolute has received regional, North American and global
recognition for its leadership in corporate social responsibility
and sustainable development, as well as for its business practices.
Visit www.resolutefp.com for more information.
SOURCE Resolute Forest Products Inc.