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Domtar
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===Incorporation in Canada=== Throughout the first quarter of the twentieth century, Dominion Tar opened offices in [[Toronto]], [[Halifax, Nova Scotia|Halifax]], [[Vancouver]], and [[Calgary]]. On November 26, 1928, Canadian business magnates [[Herbert Samuel Holt|Sir Herbert Holt]] of Montreal and [[Harold Gundy]] of Toronto acquired the British-owned corporation. In 1929, Dominion Tar and Chemical Company Ltd was formed as a Canadian corporation in order to acquire the assets of the former company, and shortly thereafter offered its shares for public sale. It was then listed on the Montreal and Toronto stock exchanges. By the following year, it had unlisted trading privileges on the [[American Stock Exchange]]. During the [[Great Depression]] of 1931–36, operating costs were slashed and capital expenditures delayed. Employee wages were reduced 10% and management was consolidated. Several plants were closed — some temporarily, others permanently. Dominion Tar withheld its annual dividend on common stock from 1932 to 1937. In 1937, Dominion Tar invested in Industrial Minerals, an [[Alberta]] company that was producing salt under the [[Sifto Canada|Sifto brand]]. In the 1950s, the firm's assets grew from $35 million to over $500 million, with annual sales surging from $33 million to $325 million, and annual net profits climbing from less than $2.25 million to almost $19 million. Operations were still based on coal tar, salt, and construction materials. However, throughout this decade the company negotiated a series of acquisitions to fuel its growth: :* In 1956, it began accumulating shares of Howard Smith Paper Mills, Canada's largest fine paper company.{{citation needed|date=February 2015}} :* In 1958, it entered the field of [[construction materials]] with the acquisition of Gypsum, Lime, & Alabastine Canada Limited, makers of [[drywall|gypsum wallboard]] It also elevated Dominion Tar into the ranks of the largest Canadian-owned corporations, with plants located across the country, over $350 million in assets, and annual sales to match. While continuing to invest in all its business sectors, Dominion Tar began to concentrate efforts on paper manufacturing, and converted the [[Windsor, Quebec]] pulp mill to exclusive production of bleached hardwood pulp and building a new [[Greenfield project|greenfield]] pulp mill in [[Lebel-sur-Quévillon]]. In 1962, the [[Cape Breton]] operations were abandoned, leaving behind Dominion Tar's contribution to the [[Sydney Tar Ponds]], a Canadian [[hazardous waste]] site on [[Cape Breton Island, Nova Scotia]].
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