Suit alleges Catalyst mill is trespassing on Halalt First Nation’s water and land rights.
Deal expected to boost capacity to 2.1 million tons of paper and 500,000 tons of pulp annually.
Less demand for newsprint, directory paper drives loss.
Buyer says acquisition will create 400 jobs.
Flagging newsprint demand, price volatility and higher freight costs cited.
Insolvent paper maker looking to avoid sale of assets.
Insolvent forestry company gets court approval for sale; seeks takeover proposals.
Move comes a day after workers at Catalyst denied a contract necessary to keep the company’s refinancing program alive.
Specialty paper producer Catalyst Paper Corp. says that one of the unions at its Crofton mill in BC has rejected a new contract that must be ratified as part of the company’s new refinancing plan to stay alive.
Feds fund $18 million mill upgrades for Catalyst Paper
Rolls of newsprint in a Catalyst warehouse. Photo: Catalyst RICHMOND, BC: Catalyst Paper is permanently closing its Elk Falls paper mill near Campbell River, BC in September. A recycling mill in Coquitlam will also be shuttered. This facility, which began…