Catalyst Paper announced that it has entered into a Sales and Purchase Agreement with ND Paper LLC, a wholly owned subsidiary of Nine Dragons Paper (Holdings) Ltd.(“ND Paper”), a Hong Kong Stock Exchange listed company, for the sale of Catalyst’s U.S. operations to ND Paper for US$175 million. Upon the closing of this transaction, ND Paper will acquire Catalyst’s Rumford, Maine and Biron, Wisconsin mills along with the associated staff at the company’s U.S. operations center in Dayton, Ohio. Catalyst has agreed to provide transition support services to ND Paper to assist with the development of certain operational and administrative functions required for the two U.S. mills. Click Read More below for additional information.
Jari Voutilainen has been appointed Metsä Group’s Senior Vice President, Sourcing and Logistics as of October 1, 2021. He reports to President and CEO Ilkka Hämälä. Voutilainen has worked at Metsä Group since 2013. He moves to his new role from the position of Metsä Group’s SVP, Corporate Affairs. Prior to that, he served as SVP, Logistics.
Jarmo Toikka, who has been responsible for Metsä Group’s sourcing since 2009 and also for logistics since 2018, has been appointed SVP, Business Process Development. In his new role, he reports to Metsä Group’s EVP, Strategy Sari Pajari-Sederholm.
The recruitment of Metsä Group’s new SVP, Corporate Affairs has begun. During the transition period EVP, Strategy Sari Pajari-Sederholm is responsible for corporate affairs.