Norske Skog Canada Ltd. has reached an agreement-in-principle with Belkorp Group to alter the terms on which the BC operations of Newstech Recycling will be acquired. Newstech is a deinking pulp facility located in British Columbia. The company uses old newspaper and old magazines that are converted into pulp for newsprint and directory paper. NorskeCanada is Newstech’s primary customer. The company purchases around 120,000 metric tons of deinked pulp a year.
The purchase price to be paid by NorskeCanada is an aggregate of $58 million, subject to certain closing adjustments. It was previously announced that the purchase price would be paid as to $29 million in cash and through the issue of $29 million of NorskeCanada common shares. NorskeCanada and the Belkorp Group have agreed that the portion of the closing price to be paid by issuing common shares will be set at NorskeCanada's option, subject to a maximum value of the share consideration of $29 million.Latest from Recycling Today
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
- Vecoplan to present modular solutions at IFAT 2026
- Terex Ecotec appoints Bradley Equipment as Texas distributor
