Catalyst Announces Price Increase on MF Papers

As the new academic year begins, about 60% of students may go back to school without supplies in hand. For some families and teachers in lower-income communities, the cost of school supplies can cause significant stress and limit student achievement. Domtar is committed to investing in relationships throughout communities – with our customers, with our neighbors, and with our schools. And each year, we invest in teachers’ and students’ needs alongside customers such as ODP Corporation and organizations like Classroom Central during back-to-school season. Domtar is a longtime vendor partner of The ODP Corporation’s StartProud!® back to school program, which supports students and teachers at nearly 30 Title I elementary schools with school supplies and needed equipment.

Mercer International Inc. is pleased to announce that it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington (the “Facility”) for a price of $50 million, subject to customary adjustments. The closing of the sale is scheduled to occur shortly. The Facility is located on 54 acres of land near Spokane and has an area of about 270,000 square feet; is equipped with state-of-the-art extensive automation technologies including one of the largest CLT presses in the world; has capacity of approximately: (a) 13 million sq. ft. of 5-ply panels annually or 140,000 cubic meters of annual production based on 5-day operations ; and (b) represents about 30% of the current North American mass timber manufacturing capacity.

Interfor Corporation announced that its wholly owned subsidiary, Interfor East Ltd. , has acquired a total of 28,684,433 common shares in the capital of GreenFirst Forest Products Inc. (“GreenFirst”) from Rayonier A.M. Canada G.P., which represents approximately 16.2% of GreenFirst’s issued and outstanding common shares. The total cash consideration was approximately C$56 million, or C$1.94 per share, and certain price protection provisions will apply in limited circumstances during a defined period following the transaction. This acquisition was made for investment purposes and builds upon, and is complementary to, Interfor’s recent expansion into Eastern Canada through the acquisition of EACOM Timber Corporation in February 2022.