Catalyst Paper Price Announcement – Rumford Offset – USA

This August, J.D. Irving, Limited (JDI) volunteered to host a visit to our operations as part of the Atlantic Canadian Teachers’ Tour, held in Truro, Nova Scotia. Educators from all over the Atlantic Provinces gathered to learn more about the forestry industry and how it impacts our region. The three-day tour involved tours of local mills, private woodlot owners land and JDI freehold land, pre-commercial thinning and commercial thinning.

Domtar Corporation announced that it completed the previously disclosed sale of its Personal Care business to affiliates of American Industrial Partners for $920 million. This divestiture is a significant milestone in the Company’s strategic transformation to become a leading paper, pulp and packaging company. "The sale of The Personal Care business is part of our ongoing effort to strategically optimize our portfolio and allows us to strengthen our balance sheet, enhance liquidity and buy back shares," said John D. Williams, President and Chief Executive Officer. "I want to thank the employees for their hard work and dedication throughout the process, and for their contributions over the years." The Company plans to use $600 million of the proceeds to reduce debt and $300 million to repurchase shares.

The District Court of Noord-Holland declared Crown Van Gelder B.V. Bankrupt. Crown Van Gelder is a producer of varios types of paper for specific applications, such as ice cream packaging, luxury shoppers and High Speed Inkjet printers. The company was forced to file for bankruptcy since she anticipated payment obligation could no longer be met.