Wisconsin Rapids City Times

Top Menu

  • Contact Us
  • E-Editions
  • Subscribe

Main Menu

  • News
    • Around the County
    • Government
  • Covid 19
  • Community
    • Community Calendar
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
    • Wisconsin Rapids Riverkings
  • Arts & Entertainment
  • Obits
  • Opinion
  • Classifieds
  • Business Directory
  • Contact Us
  • E-Editions
  • Subscribe

logo

Wisconsin Rapids City Times

  • News
    • Around the County
    • Government
  • Covid 19
  • Community
    • Community Calendar
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
    • Wisconsin Rapids Riverkings
  • Arts & Entertainment
  • Obits
  • Opinion
  • Classifieds
  • Business Directory
Business
Home›Business›Nine Dragons completes acquisition of Catalyst Paper mills

Nine Dragons completes acquisition of Catalyst Paper mills

By kleonhardt
July 2, 2018
1300
0
Share:

For Rapids City Times

BIRON — ND Paper LLC, a wholly-owned subsidiary of Nine Dragons Paper Limited,has announced the completion of its acquisition of the Biron and Rumford, ME, pulp and paper mills from Catalyst Paper Corporation, as announced on May 25. Under the terms of the definitive agreement, ND Paper paid a total consideration of $175 million. The acquisition is expected to add to the earnings per share for Nine Dragons’ performance in the second half of the 2018 calendar year.

“We are very excited about the new products, team members, and new business opportunities we can create with this acquisition,” said Ken Liu, CEO of ND Paper. “We look forward to working with the teams and local communities in Maine, Wisconsin, and Ohio to expand our industry leadership globally.”

The Rumford and Biron mills have a combined manufacturing capacity of nearly 900,000 metric tons across five paper production and two kraft pulping lines. The mills produce coated one-side, coated freesheet, coated groundwood, and hardwood and softwood market pulp grades for a diverse base of global customers.

The employees of Rumford and Biron, as well as the associated staff in Dayton, OH, will join ND Paper.

TagsBiron Paper MillCatalystFeaturedmill saleNine Dragons
Previous Article

Rafters hook Kingfish for a double-digit win

Next Article

Rapids to host Fourth of July along ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Business

    Sand Valley Golf Resort Receives Gold Project Distinction Award

    February 20, 2018
    By Julie Schooley
  • Top Stories

    City Considers Providing WiFi for Mead View, Veterans Park

    May 9, 2017
    By Julie Schooley
  • SportsTop Stories

    Rangers give Wausau their first loss

    July 24, 2018
    By kleonhardt
  • Top Stories

    Council Approves Changes to Airport Administration

    October 21, 2015
    By admin
  • Top Stories

    Woman Arrested for One-Vehicle Accident, Fleeing Scene

    July 7, 2015
    By admin
  • Education

    School District Offers Free Developmental Screenings

    September 9, 2015
    By admin

About Us


Wisconsin Rapids City Times is published by Multi Media Channels LLC, N2919 County Road QQ Waupaca, WI 54981.

Timeline

  • January 24, 2021

    Brandl and Schulist sign for another Rafters season

  • January 23, 2021

    Their soul is fed with needle and thread

  • January 21, 2021

    DNR confirms CWD in Wood County, renews baiting and feeding bans

  • January 20, 2021

    Riverkings battle for the top spot

  • January 19, 2021

    Marshfield Clinic scheduling COVID vaccinations to those 65 and older

Find us on Facebook

Copyright © 2020 Multi Media Channels LLC.
All Rights Reserved. No part of this publication or any of its contents may be reproduced, copied, modified or adapted without the prior written consent of Multi Media Channels LLC.
×