A deal has been agreed that will see Chinese paper recycler Nine Dragons buy US firm The Target Company and its two paper mills.
Nine Dragons will pay $175 million (£131 million) for the business that operates two mills in Maine and Wisconsin.
The mill in Maine has an annual capacity of 550,000 metric tonnes producing coated one-side, coated freesheet and coated groundwood grades.
While the Wisconsin mill produces groundwood grades with an . . .
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