Resolute Forest has entered into a definitive asset purchase agreement with ND Paper, a subsidiary of Nine Dragons Paper, for the sale of its Fairmont, West Virginia, recycled bleached kraft pulp mill, for $55M plus certain elements of working capital, payable in cash. Nine Dragons is primarily engaged in the production and sale of a broad variety of packaging paperboard products. In addition to nine paper mills operating in Asia, Nine Dragons, through its wholly-owned subsidiary ND Paper, also operates two U.S.-based facilities in Wisconsin and Maine. ND Paper has agreed to offer employment to Fairmont mill employees, effective upon closing of the transaction, which is expected within the next two months.