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.
“This transaction is good news for our now 3,500 employees, our customers, our operating communities, and British Columbia’s pulp and paper and forest products industries,” states Brian Baarda, CEO of Paper Excellence Canada.
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.
