VILLAGE OF BIRON, WI (WSAU) — Officials with Catalyst Paper have finalized the sale of their Biron facility to Hong Kong-based Nine Dragons paper for $175 million.
Catalyst released a statement Friday thanking the employees of the Biron facility for their dedication and effort that led to a significant improvement in the performance of the mill, and to the community for their support of the company as well.
Catalyst first announced the deal back in May. The Biron facility employs around 425 people and produces coated groundwood papers. A mill in Rumford, Maine and an operations center in Dayton, Ohio, which were also included in the sale.
