Catalyst Paper agrees to sell mills to Paper Excellence

VICTORIA — British Columbia-based Catalyst Paper Corp. has reached an agreement to sell its operations to Paper Excellence Canada of Richmond, B.C.
Catalyst CEO Ned Dwyer says when the transaction is complete it will benefit customers, employees, suppliers, communities where it operates and B.C.’s pulp, paper and forest products industries.
Details of the transaction have not been released, but it will need the approval of the B.C. Supreme Court and at least two-thirds of Catalyst sh