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  • December 25, 2018

ND Paper LLC, a subsidiary of Nine Dragons Paper Ltd., has agreed to purchase Resolute Forest Products, a recycled bleached kraft pulp mill in Fairmont, WV, for $55 million. ND Paper has agreed to offer employment to all existing mill employees upon the transaction’s close, which should happen within the next 2 months. Nine Dragons produces and sells various packaging paperboard products, including linerboard, high-performance corrugating medium, coated duplex board, recycled printing and writing paper, and specialty paper. Nine Dragons, Hong Kong, operates nine paper mills in Asia, and two facilities under ND Paper in Wisconsin and Maine.