Catalyst Paper Sells Elk Falls Site
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Catalyst Paper, Richmond, B.C., Canada, has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings. The $8.6 million sale was signed and closed last Friday.
Sale of the approximate 1,200-acre parcel includes a fully serviced, 400-acre industrial site and adjacent property near Campbell River. The site formerly housed a paper and pulp mill that began operations in 1952, was indefinitely curtailed in 2009, and closed permanently in 2010. Work has been underway since then to prepare the site for sale and redevelopment for other industrial uses.
Catalyst Paper produces 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.
In British Columbia, Catalyst operates facilities in Crofton, Port Alberni, Powell River, Surrey, and Nanaimo. It has a combined annual production capacity of 1.5 million metric tpy.
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