PR Newswire: news distribution, targeting and monitoring
2014

Catalyst Paper sells Elk Falls site

Share with Twitter Share with LinkedIn

RICHMOND, BC, May 24, 2013 /PRNewswire/ - Catalyst Paper (TSX: CYT) announced that it 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 today.

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 which began operation 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 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.

Catalyst operations support 7,000 direct and indirect jobs and generate nearly $2 billion in annual BC economic impact. With a combined annual production capacity of 1.5 million tonnes, company facilities are located in Crofton, Port Alberni, Powell River, Surrey and Nanaimo. Catalyst 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



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release