Paper Excellence Canada has entered into an agreement to acquire Catalyst Paper Corporation, including its three facilities located in Crofton, Port Alberni and Powell River, its Surrey distribution centre and headquarters in Richmond, British Columbia, Canada. This agreement is subject to regulatory review and approvals, as the company says in the press release received by Lesprom Network.
Paper Excellence has evolved from a new entrant as an exporter within the value-added natural resources (pulp) industry to being among one of Canada’s largest pulp producers.
Barclays acted as exclusive financial advisor to Paper Excellence on the transaction.
Catalyst Paper manufactures 1.3 million tonnes of pulp and paper products.
Paper Excellence manufactures NBSK Pulp for the paper industry and BCTMP for printing, board and packaging. PEC’s products are exported to Asia.
