(In U.S. dollars)
TORONTO, Feb 11 (Reuters) - Catalyst Paper Corp CTL.TO will increase its newsprint production by more than 60 percent with the acquisition of AbitibiBowater’s ABH.N Snowflake Arizona recycled newsprint mill for $161 million in cash.
Snowflake, which has two paper machines, had net revenue of $195 million in 2006. Its production capacity is 375,000 metric tonnes.
It brings Vancouver-based Catalyst’s capacity to about 980,000 metric tonnes, the company said.
$1=$1.00 Canadian Reporting by Jonathan Spicer; Editing by Bernadette Baum