Catalyst Paper Completes Sale of Snowflake Mill in Arizona

摘要

Catalyst Paper has completed the U.S. Court approved sale of the Snowflake assets (Arizona] and shares of Apache Railway. The Hackman Capital-led buyer group purchased the assets of the closed Snowflake facility and the shares of Apache Railway for US$13,460,000 and other non-monetary consideration. According to Catalyst, the deal received local support from the Town of Snowflake and other interests, based on the buying group's intention to continue to operate the Apache Railway as a going concern.