Catalyst
Paper today announced that it has reached agreement with Pacifica Deep Sea
Terminals Incorporated on the sale of its Elk Falls site in Campbell River. The
$8.6 million sale of the 400-acre industrial site and adjacent properties is
expected to close September 5, 2012. It completes Catalyst's comprehensive bid
review process which began earlier this year.
The
former pulp and paper site was indefinitely curtailed in 2009 and closed
permanently in 2010. The Elk Falls mill began operation in 1952, and at
its peak, produced 784,000 tonnes of pulp, paper and kraft paper annually.
