Friday, August 10, 2012

Catalyst Mill Is Not Being Sold

http://www.azjournal.com/2012/08/09/mill-is-not-being-sold-says-catalyst/
Though Jahm Najafi, CEO of Najafi Cos., reportedly told The Arizona Republic he is interested in purchasing Catalyst Paper’s Snowflake mill, Catalyst is not in talks with him. Najafi’s company owns and operates Snowflake Power, which runs the biomass power boiler located on the mill property. Catalyst Paper announced July 31 the mill in Snowflake would close permanently.“We are not in talks with anyone,” said Lynn Brown, spokesperson for Catalyst Paper. She said Catalyst had exhausted every effort; including attempting to find a buyer for the mill and switching to higher grade paper production in an effort to save the facility. She said the company is now committed to making an orderly exit from the facility. She told The Tribune-News that the facilities’ building would remain and could be used in a future enterprise of some sort.“But it won’t be a paper mill,” Brown said.