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New owner of Rumford paper mill will retain workers, eyes investment

ND Paper LLC, a wholly-owned subsidiary of Nine Dragons Paper Ltd., completed on Friday its acquisition of Catalyst Paper Corp.’s mills in Rumford and Biron, Wisc.
Under the terms of the agreement previously announced on May 25, ND Paper paid $175 million for the two pulp and paper mills. The acquisition is expected boost Nine Dragons’ performance in the second half of calendar 2018.
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