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AbitibiBowater sells Arizona mill to Catalyst

Toronto: AbitibiBowater (AB) has agreed to sell its Arizona newsprint mill to Vancouver-based Catalyst Paper Corp. …

Toronto: AbitibiBowater (AB) has agreed to sell its Arizona newsprint mill to Vancouver-based Catalyst Paper Corp. for $161 million. The facility, in Snowflake, AZ, has an annual production capacity of about 375,000 tonnes of newsprint.
AB had previously promised the U.S. Department of Justice it would sell the facility as precondition for allowing the merger of Bowater and Montreal-based Abitibi last year. The sale should close in the second quarter.
Source: Montreal Gazette