Tembec Inc. announced plans
to purchase Crown Paper’s St. Francisville, La., pulp and paper mill for about
$185 million in cash and shares.
The St. Francisville mill is
an integrated pulp and paper facility with annual production capacity of
310,000 tons of coated groundwood papers and 118,000 tons of specialty papers.
Tembec said the acquisition
will increase its total paper and paperboard capacity to more than 1.1 million
metric tons.
Tembec said is expects the
closing to take place by the middle of this month.
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