Pulp and Paper Canada

News
Fraser gets green light on Katahdin acquisition


April 3, 2007
By Pulp & Paper Canada

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.

Advertisment

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


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*