Catalyst Paper acquires two US paper mills
Deal expected to boost capacity to 2.1 million tons of paper and 500,000 tons of pulp annually.
RICHMOND, BC — Catalyst Paper Corp has completed the acquisition of the Biron paper mill in Wisconsin and the Rumford pulp and paper mill in Maine from NewPage Corp., NewPage Wisconsin System Inc., and Rumford Paper Company for US$62.4 million.
The deal, which was first announced in October, is expected to boost Catalyst’s annual production to 2.1 million tons of paper and 500,000 tons of pulp.
Catalyst, based in Richmond, BC, manufactures specialty mechanical printing papers, newsprint and pulp.