News Archive: January 2015

Catalyst Paper Corporation completes acquisition of paper mills in Wisconsin and Maine

Wednesday, January 7, 2015

Richmond, (BC) – Catalyst Paper Corporation (TSX: CYT) (“Catalyst”) is pleased to announce today that it has completed the acquisition of the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA that was previously announced on October 30, 2014 (the “Acquisition”), from NewPage Corporation, NewPage Wisconsin System Inc., and Rumford Paper Company (the “Sellers”). The cash payment made on closing was US$62.4 million, after giving effect to an adjustment under the purchase agreement based on estimated working capital at closing, and the final purchase price is subject to certain additional post-closing adjustments.

Product Showcase