Pacific West Commercial Corp. is the winning bidder for NewPage Port Hawkesbury
Pacific West Commercial Corporation is the successful bidder for the idled NewPage Port Hawkesbury operation in Nova Scotia.
The bid is now subject to meet several conditions, as well as a court approval. The value of the bid has not been disclosed, and it is not known when the sale will be complete.
Pacific West Commercial Corporation submitted their bid as a “going concern purchase” of the assets, meaning the company wishes to operate the mill, to some degree.
Pacific West is associated with Stern Partners Inc., a Vancouver investment firm that also owns Alberta Newsprint Co. of Whitecourt, Alberta, and Westland Paper Co., an Oregon-based mill.
The province of Nova Scotia released a statement today saying it is committed to keeping the mill “re-sale ready” through February and March during negotiations with successful bidder Pacific West Commercial Corporation.
NewPage Port Hawkesbury Corporation will appear in court January 18 to request a sales process extension until March 30.
“This brings us another step closer to getting the mill back in operation to provide the employment and stability the workers and community want,” said Port Hawkesbury Mayor Billy Joe MacLean.
- Successful bidder for NewPage Port Hawkesbury to be made public next week
- Who is Ron Stern, and what are his plans for the Port Hawkesbury mill?
- NewPage Port Hawkesbury granted extension
- Port Hawkesbury waiting for word about their mill
- Talks between CEP and Pacific West Commercial Corp. on hold
- Contract proposal on the table in Port Hawkesbury, NS
- Wanna know how much Pacific West Commercial Corp. has offered for the Port Hawkesbury mill?
- Two hearings today that could decide the future of two mills under creditor protection