Domtar to buy diaper maker to expand personal care business - Reuters

Canadian paper and pulp products maker Domtar Corp said it would buy privately held Spanish diaper maker Laboratorios Indas, as it tries to expand its personal care business and reduce exposure to weak pulp prices., Reuters reported. Domtar will pay 285 million euros ($386 million) to private equity firms Portobello and Santander's Vista Capital to buy Indas. It will also repay most of Indas' 140 million euros debt after the deal closes. Indas, bought by the Spanish private equity firms in 2007 for about 350 million euros, is Spain's top maker of sanitary napkins and other hygiene products.

DealsCanadaNorth AmericaBriefs