The acquisition includes Catalyst Paper’s three facilities located in Crofton, Port Alberni and Powell River, its Surrey distribution centre and headquarters in Richmond, British Columbia, Canada.
March 19, 2019
Paper Excellence Canada has finalized the acquisition of Catalyst Paper Corporation. This includes its three facilities located in Crofton, Port Alberni and Powell River, its Surrey distribution centre and headquarters in Richmond, British Columbia, Canada. With this acquisition now complete, Paper Excellence Canada’s product range expands to include printing papers, specialty and packaging papers and increased pulp production to service our customers worldwide.
Barclays acted as exclusive financial advisor to Paper Excellence on the transaction.
Paper Excellence manufactures NBSK Pulp for the paper and tissue industry, and BCTMP for printing, board and packaging, for export to the Asian market. Catalyst manufactures 1.3 million tonnes of pulp and paper products which include NBSK pulp, industrial packaging, food service, coated ground-wood, newsprint and directory papers.
