Norampac Inc. entered into an agreement with Crown Packaging Ltd.
and its parent corporation to acquire a containerboard mill and eight paper
recovery plants from Crown Packaging Ltd. The containerboard mill, located in
Burnaby, B.C., has an annual capacity of 130,000 metric tons of recycled
corrugating medium.
In addition to corrugating
medium, Norampac plans to produce recycled linerboard and white top linerboard.
The paper recovery plants
are located in British Columbia, Alberta and Manitoba. They provide all the
recycled paper needed by the mill and the excess volume collected over the
mill's requirements is sold in the North American and Asian markets. The
transaction is expected to close on April 2, 2001, subject to regulatory
approvals.
With this transaction, the
annual production capacity of Norampac will exceed 1.4 million tons. Norampac
will consolidate its position as the largest containerboard producer in Canada
and the 8th largest in North America.
Norampac is a joint venture
company owned by Domtar Inc. and Cascades Inc.
Explore the March 2001 Issue
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