Nova Scotia is negotiating with Resolute Forest Products to aquire assets of Bowater Mersey
The Chronicle Herald is reporting today that the province of Nova Scotia is negotiating exclusively with Resolute Forest Products to acquire the assets of Bowater Mersey Paper Co. Ltd.
The deal would see the province acquire the mill site and woodlands of the company, and would result in Resolute covering the deficit in the pension plans of the mill’s former workers. Resolute Forest Products currently owns 220,000 hectares of woodlands in Nova Scotia.
Resolute has indicated that as a condition of any sale, the mill would not be permitted to produce paper because it would compete with Resolute’s other facilities.
The province is investigating other options for the mill, including producing high-tech fossil fuel alternatives that can be made from wood.
Read the article: Province chases Bowater assets (The Chronicle Herald)
- Province of Nova Scotia will be making a Bowater Mersey announcement tomorrow
- $50 Million for Bowater Mersey from Nova Scotia taxpayers
- Resolute Forest Products sells 25,000 acres of land to Nova Scotia
- Bowater Mersey can't find enough forestry contractors in Nova Scotia
- Bowater Mersey began another 3 week shutdown yesterday
- Bowater Mersey calls union to meeting this morning to discuss mill's future
- Bowater Mersey to be indefinitely idled
- Reactions on the closure of Bowater Mersey