DAILY NEWS Nov 13, 2012 1:12 PM - 0 comments

Catalyst receives partial payment for Elk Falls site

TEXT SIZE bigger text smaller text

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.

Companies in This Story

Catalyst Paper Corp.

Horizontal ruler
Horizontal Ruler

Post A Comment

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.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields