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Gould Paper Buys Merchant Operations in Western Canada

Oct. 13, 2006 - Gould Paper Corp. on Tuesday (Oct. 10) signed an agreement to acquire the western Canadian merchant operations of Cascades Resources from PaperlinX Canada Limited, effective October 29, 2006. The western operations of Cascades Resources are headquartered in Vancouver, British Columbia.

As a paper merchant, the western operations of Cascades Resources include facilities in Vancouver, British Columbia, in addition to Calgary and Edmonton, Alberta.

The Cascades Resources operations being acquired began as a greenfield operation in 1996 and today hold an estimated market share of 24% in its trading area, Gould said.

The acquired operations of Cascades Resources will continue as a stand-alone, self-sufficient entity, Gould added.

SOURCE: Gould Paper Corp.




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