Paper Excellence to buy Catalyst Paper

RICHMOND Paper Corp. announced that Paper Excellence Canada Hold- ings Corp. will acquire all of , BC-BASED CATALYST Catalyst’s issued and outstanding shares.

Paper Excellence is a BC-headquartered company with close to 2 Mt/y of pulp production capacity through five operating mills in Canada and two mills in France.

The transaction is expected to close by the end of 4Q18 or early 1Q19 and is subject to the satisfaction of other customary closing conditions. Shareholders holding about 87% of Catalyst’s outstanding common shares have agreed to vote in favour of the transaction.

Catalyst manufactures about 1.3 Mt of papers such as coated and uncoated groundwood, newsprint, directory and packaging, as well as market pulp. Customers include retailers, publishers, commercial printers and convertors in North America, Latin America, the Pacific Rim and Europe. Its mills are in Crofton, Port Alberni, Powell River and Surrey, BC.

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