Category Archives: Mill Sales/Transfers

Cascades Inc., a leader in the recovery and the manufacturing of green packaging and tissue paper products, has announced that its Norampac division has acquired Bird Packaging Limited‘s converting and storage facilities located in Guelph, Kitchener and Windsor, in Ontario. The financial terms of the transaction have not been disclosed.

According to Marc-André Dépin, President and Chief Executive Officer of Norampac, “This acquisition is beneficial to Norampac and Cascades as it will allow us to broaden our market reach in Ontario by integrating plants that benefit from an excellent reputation amongst their customers. In addition to a well-established customer base, Bird also has state-of-the-art equipment, a team of skilled people and a vast line of products and services that complement Norampac’s product offering”.

This investment is part of Norampac’s development strategy which aims at expanding its geographical presence in Ontario and relying on productive assets. Furthermore, Bird’s packaging products represent a compelling add-on to Norampac’s portfolio and will increase our competitiveness with an improved product offering.

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Alexandria Moulding, a leading manufacturer and distributor of mouldings and related millwork products, today announced that they have acquired Royal Woodworking Co. Ltd. of Bradford Ontario (www.royalwoodworking.com), a family owned company founded in 1976 by the Rowe and Gerrits families specialized in manufacturing Hardwood solid and custom mouldings, boards and stair components.

As Andre Cholette, President of Alexandria Moulding explains, “This partnership solidifies our hardwood supply and product offering. Royal has a strong specialized team and is a cultural fit. We will leverage each other’s strengths to further enhance the value we bring to our customers”.

Royal Woodworking will operate as a standalone business unit providing their customers with a large selection of quality millwork products as well as leveraging Alexandria’s logistics and sales network to grow their geographical coverage, while providing unparalleled support and service. Donna Gerrits, Rick Gerrits, and Tom Hayes will join the Alexandria Management team and support the integration and combined businesses over the long term. One of the founding owners of Royal Woodworking Frank Gerrits has announced his intention to retire as planned.

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Canfor has completed the acquisition of the Tembec Industries Ltd. southern British Columbia interior wood products assets consisting of the Elko and Canal Flats sawmills and approximately 1.1 million cubic metres of combined Crown, private land and contract annual allowable cut.

The transaction includes a long term residual fibre supply agreement for Tembec’s Skookumchuck mill.

“Canfor is pleased to welcome the former Tembec employees into the Canfor family and is looking forward to continuing the development of strong community and First Nations relationships,” said Don Kayne, President and CEO of Canfor. “This acquisition strengthens Canfor’s fibre position in BC while meeting the increasing needs of our highly valued global customers,” said Mr. Kayne.

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Who is buying St. Marys Paper?

A number company, 2319839 Ontario Inc., is in the process of purchasing St. Marys Paper.

Ernst & Young, as receiver of St. Marys Paper, describes 2319839 Ontario Inc. as a consortium of companies including an auctioneer, a real estate redevelopment company, a metals recycling company, and a forest products company.

In the purchase agreement, the Authorized Signing Offer for the purchaser is Justus Veldman. The purchasing company’s representing law firm is Mandryk, Stewart & Morgan of Tillsonburg, Ontario.

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If the creditors of Catalyst Paper don’t approve a restructuring plan this Friday, a plan that is similar to the one they have already rejected, then Catalyst Paper wants to sell its pulp and paper mills.

Catalyst Paper has filed a petition seeking approval to sell the entire company to a stalking horse bidder for up to $395 million. Just 3 years ago, the value of Catalyst Paper’s three coastal pulp and paper mills and their recycled paper mill in Arizona was estimated to be more than $2 billion.

Also, Catalyst Paper has asked the court for approval to sell the closed Elk Falls pulp mill in Campbell River, British Columbia to a scrap metal contractor.

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Resolute Forest Products (formerly known as AbitibiBowater) has purchased the idled co-generation plant at Dolbeau, Quebec from Boralex for $5 million.

AbitibiBowater idled its Dolbeau mill in June 2009, putting 240 workers out of work. Boralex operated the co-generation plant at the mill, producing steam generated power from wood waste. Boralex sold that power to Hydro-Quebec.

Boralex lost its supply of wood and steam when AbitibiBowater closed the Dolbeau mill, leaving Boralex little choice but to idled the co-gen plant.

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Domtar Corporation has announced that it has signed a definitive agreement with Fortress Global Cellulose Ltd, and with a subsidiary of the Government of Québec, for the sale of its Lebel-sur-Quévillon assets.

The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2012.

“The sale of the Lebel-sur-Quévillon assets to a strategic buyer is a positive outcome for the community and we wish them success for the future,” said John D. Williams, President and Chief Executive Officer of Domtar. “The buyer will convert the mill to the manufacture of dissolving pulp and we will support them through this transition by marketing and selling their initial production of paper grade softwood pulp which is contractually limited to a maximum of 100,000 metric tons.”

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Ernst & Young Inc., receiver and manager for St. Marys Paper, will be court today to seek court approval for their proposed sales process.

St. Marys Paper, of Sault Ste. Marie, Ontario, was forced into bankruptcy on December 30, 2011 when the company was unable to afford to keep insurance on its idled mill.

What we know:

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Terrace Bay Pulp will not be restarting operations as scheduled on March 1st.

And now the mill is for sale.

It is believed that the current owner, The Buchanan Group, headed by company founder Ken Buchanan Sr., has lost its financial backer. Terrace Bay Pulp exited creditor protection in the fall of 2010 with the help of $30 million in capital from Toronto lender Callidus Capital Corporation, and a $25 million loan from the province of Ontario.

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5 years after shutting it down, Weyerhaeuser has sold its Miramichi, New Brunswick mill to Quebec’s Arbec Forest Products.

Arbec Forest Products is planning to re-open the mill later this year.

Arbec planned to purchase the mill in 2008, but pulled out of negotiations when they were unable to get a Crown land allocation from the New Brunswick provincial government.

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