Catalyst Paper Corp. (CYT.TO) said Friday that it has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc. for C$8.6 million.
Sale of the about 1,200-acre parcel includes a fully serviced, 400-acre industrial site and adjacent property near Campbell River. The site formerly housed a paper and pulp mill which began operation in 1952, was indefinitely curtailed in 2009 and closed permanently in 2010. Work has been underway since then to prepare the site for sale and redevelopment for other industrial uses.
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