Catalyst receives partial payment for Elk Falls site

Pulp & Paper Canada
November 13, 2012
By Pulp & Paper Canada

Catalyst Paper has received partial pre-payment of the $8.6 million purchase price for the Elk Falls site in Campbell River from Pacifica Deep Sea Terminals Incorporated.

Catalyst has also agreed to grant the purchaser an extension to complete the sale. The transaction includes the 400-acre industrial site and adjacent properties. The papermaker says progress continues to be made on all outstanding terms and conditions.

Sale of the property is the final step in a comprehensive site preparation and sales process which began following the permanent closure of the paper mill in 2010.

Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp, with three mills located in British Columbia.

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

TAPPI PEERS
Sun Sep 25, 2016
BLRBAC Fall 2016 Meeting
Mon Oct 24, 2016
PaperWeek Canada
Mon Feb 13, 2017