Richmond, (BC) - Catalyst Paper Corporation (TSX: CYT) (“Catalyst” or the “Company”) today announced that it has entered into an Asset Purchase Agreement (the “Agreement”) with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company (the “Sellers”) to purchase the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA (the “Paper Mills”) for consideration of US$74.0 million, subject to certain adjustments (the “Transaction”).
Richmond, (BC) – Catalyst Paper (TSX:CYT) announced today the temporary curtailment of one of three paper machines at its Powell River mill, removing capacity of 6,500 tonnes of specialty paper grades from the market.
Richmond, BC – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, November 5, 2014 at 8:00 a.m. PST / 11:00 a.m. EST to review the Company’s 2014 third quarter results.
Powell River, BC – The Tla’amin First Nation and City of Powell River have completed the transaction to purchase Catalyst Paper Corporation’s interest in the PRSC Limited Partnership, a unique joint venture that was established by the three parties in 2006 to sell and redevelop lands that were surplus to Catalyst’s operations in the community.
Richmond, (BC) – Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of $7.1 million compared to $25.7 million in the previous quarter.