The deal for Cascade Resources, part of Cascades, should be completed in the next few months, subject to regulatory approval.
The acquisition will more than double the size of the Australian paper merchanting group's Canadian operations.
PaperlinX's existing Canadian business is made up of Coast Paper and Papier Turgeon, which has sales of 135,000 tonnes per year from nine locations.
Cascade Resources is a fine paper merchant. It employs 490 staff at 15 locations across Canada, and has sales of 208m and sells around 210 tonnes of paper per year.
PaperlinX has also appointed David Lamont as its chief financial officer, with effect from February 2006.
Lamont, who was previously with BHP Billiton where he held the same position, replaces Darryl Abotomey, who is stepping down on
1 January 2006.
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