The latter was not interested in entering the North American market, but Fletcher Challenge had offered its assets as an all or nothing deal.

The Pacifica Papers acquisition was funded through the issuing of new shares, diluting Norske Skog's ownership to 36.1%.

[4] Unlike the rest of the group, Norske Skog lacked the direct control over the assets in Canada.

CEO Russ Horner was part of Norske Skog's corporate executive board until the share was diluted.

From then the two companies were legally regarded as competitors and the two were not allowed to cooperate closely, for instance through joint sales offices.

[6] The site handled 163,000 tonnes of old newsprint from British Columbia and Alberta, as well as more remote sources, predominantly Minnesota and Kansas City, shipped by train to Coquitlam.

[7] By 2005 NorskeCanada had operated with a deficit in 13 of 19 quarters, and Norske Skog started considering its options for the company.

Pöyry was hired to consider the operations, and concluded that the mills were not competitive for export to Asia, a prime target market for Norske Skog.

[8] The first step was taken in October 2005, when the general meeting approved the new name, Catalyst Paper, to signal that the group was leaving Norske Skog.

[2] Catalyst took steps to upgrade the mill, including investments to allow the plant to produce finer grades of paper.

[11] After 2005 China started buying large quantities of old newsprint from North America, particularly from the West Coast.

[12] Combined with reduced demand for newsprint, Catalyst decided to curtail production at Paper Machine 1 from 23 December 2009.

The following year the corporation decided to close the Coquitlam plant and permanently terminate production at Paper Machine 1 in Crofton.

[16] On June 29, 2018, Catalyst sold Rumford Mill in Rumford, Maine and Biron Mill in Biron, WI along with the company's US operations center in Dayton, Ohio to Nine Dragons Paper (Holdings) Limited (ND Paper).