Catalyst Paper extends deadline to close sale of Elk Falls site to
Pacifica Deep Sea Terminals Inc.
RICHMOND, BC, Nov. 9, 2012 /CNW/ - Catalyst Paper today
announced that it 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. The transaction includes the 400-acre industrial site
and adjacent properties.
Catalyst has also agreed to grant the purchaser an extension to
complete the sale. 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. Its customers include
retailers, publishers and commercial printers in North America, Latin
America, the Pacific Rim
and Europe. With three mills,
located in British Columbia,
Catalyst has a combined annual production capacity of 1.5 million
tonnes. The company is headquartered in Richmond, British Columbia, Canada and is
ranked by Corporate Knights magazine as one of the 50 Best
Corporate Citizens in Canada.
SOURCE Catalyst Paper Corporation