Our History

Today’s Catalyst Paper Corporation is formed of operations from predecessor companies that have their own rich histories.

The main branch of the family tree is British Columbia Forest Products Limited. Formed in 1946, it soon became one of the province’s largest integrated forest products companies. Purchased in 1987 by Fletcher Challenge Limited of New Zealand and merged with BC company Crown Forest Industries, Fletcher Challenge Canada Limited was established with a sharpened focus on pulp and paper.

In 2000, Norwegian paper company Norske Skog purchased all of Fletcher Challenge’s pulp and paper assets and the company name changed to Norske Skog Canada Limited. Norske Skog Canada doubled the size of the company in 2001 by acquiring Pacifica Papers; the merged operation assumed the name NorskeCanada.

In 2003, Newstech Recycling was acquired in a step that insourced the procurement of old newspapers and magazines and the production of de-inked pulp for paper manufacturing. In October 2005 the business was renamed Catalyst Paper to clearly differentiate the company with customers and accurately reflect the capital ownership structure.

In late 2006, Third Avenue Management acquired approximately 38% of the company’s stock following the exit of Norske Skog as a major shareholder.

In April 2008, Catalyst expanded beyond the province with the acquisition of the Snowflake Mill, a 100% recycled paper production facility in northern Arizona. This significantly increased the company’s recycled paper production capacity.

 

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Recent News

Thursday, March 11, 2010

Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded a net loss attributable to the company of $4.4 million, or $0.01 per common share in 2009, compared to a net loss attributable to the company of $219.8 million, or $0.65 per common share in 2008.
 
Effective December 31, 2009, the company adopted U.S. generally accepted accounting principles (US GAAP) for presentation of its 2009 consolidated financial statements. As a consequence, the quarterly consolidated financial statements for 2009 have been restated into US GAAP and are being filed concurrently with the company’s annual consolidated financial statements.

Wednesday, March 10, 2010

Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today announced the closing of the private exchange offer and consent solicitation (as amended and supplemented, the “Exchange Offer”) of Catalyst’s 11% Senior Secured Notes due December 15, 2016 (the “New Notes”) for its outstanding 8 5/8% Senior Notes due June 15, 2011 (the “Old Notes”).
  

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