Expected purchase price is US$93 million with the transaction closing Jan. 3, 2020.
Newsprint machine will be converted to manufacture 100% recycled, lightweight linerboard.
Incident destroyed about 14,000 tonnes of feeder stock, the company says.
Cascades Inc. is closing its Norampac containerboard mill in Burnaby BC, blaming high operating costs and a high dollar.
Cascades Inc.’s Norampac division is building a $430 million containerboard mill in New York State.