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Fraser gets green light on Katahdin acquisition

Fraser Papers has been given the go-ahead by its board of directors to acquire Katahdin, a subsidiary of Brookfield…

Fraser Papers has been given the go-ahead by its board of directors to acquire Katahdin, a subsidiary of Brookfield Management.

The deal is expected to cost $80 million, subject to an adjustment based on working capital at the time of closing.

Fraser will additionally pay distributions to Brookfield Management, depending upon the generation of cash flow from the super-calendered business.