AbitibiBowater Announces Sale of Snowflake Mill
bitibiBowater today announced that it has signed a definitive agreement with Catalyst Paper Corporation (TSX: CTL) for the sale of its Snowflake, Arizona, assets for cash consideration of $161 million, excluding working capital of approximately $19 million retained by AbitibiBowater. The facility has an annual production capacity of approximately 375,000 tonnes of newsprint.