February 11, 2008 / 12:27 PM / 10 years ago

Catalyst to buy AbitibiBowater's Snowflake mill

(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

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