Catalyst Paper Corp. wants Maine taxpayers to sweeten a $56-million investment in a tissue-making machine at its Rumford mill, as part of a company overhaul plan of untold cost that it calls Project Falcon.
A China-based pulp and paper company, Anhui Shanying Paper Industry Co., LTD, has entered into an agreement to acquire 100 % of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH.
Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to C$4.75 per share, valuing the deal at C$475 million ($378.6 million), excluding debt.
