Catalyst Paper sells Snowflake mill assets

摘要

Catalyst Paper is to sell the assets of the Snow-flake newsprint mill in the US state of Arizona to an acquisition company organised by the investment firm Hackman Capital and its affiliates. The paper manufacturer communicated it had accepted the binding take-over bid that emerged as the winner from the auction on 17 December. The deal is expected to close in the first quarter of 2013 after a number of conditions have been met.