Resolute Forest Seeking to Buy or Build Lumber Mills in U.S.

Resolute Forest Products Inc., the world’s largest newsprint maker, is seeking to reduce its reliance on the low-grade paper by expanding its Canadian solid wood-products business into the U.S.

Already North America’s fifth-largest lumber producer, Resolute has been assessing potential opportunities to buy or construct U.S. lumber mills, Chief Executive Officer Richard Garneau said last week in a telephone interview.