Category Archives: Mill Sales/Transfers

The Ontario Ministry of the Environment has approved the sale of the Marathon Pulp mill to the Green Investment Group of the U.S.A.

Green Investment Group worked out a deal with previous mill operator, Tembec, to purchase the mill.

Green Investment Group, established in 2005, preforms environmental cleanups on vacated, heavily contaminated industrial sites. Then they attract small biofuel and bioenergy companies to establish businesses on the sites.

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Kamloops This Week dug into rumours the Domtar pulp mill in Kamloops, British Columbia may be sold as early as this summer.

Charles Fraser, president of Communications, Energy and Paperworks Local 10B, told the publication “There’s a lot of rumours on the shop floor about a number of things and speculation that we may be sold is one of those rumours.”

Local mill management say they know nothing about the possibility of a sale.

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Catalyst Paper has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings.

The $8.6 million sale was signed and closed today.

Sale of the approximate 1,200-acre parcel includes a fully serviced, 400-acre industrial site and adjacent property near Campbell River, British Columbia.

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Brookfield Asset Management Inc. is selling its controlling stake (51%) in Twin Rivers Paper Company to Blue Wolf Capital Partners and Atlas Holdings.

Twin Rivers Paper Company operates paper mills in Edmundston, New Brunswick and Madawaska, Maine, USA, and a lumber mill in Plaster Rock, New Brunswick.  The company was formed with the province of New Brunswick as a general partner and creditor after the bankruptcy of Fraser Papers in 2010.

Blue Wolf Capital Partners and Atlas Holdings previous owned the Northern Pulp mill in Nova Scotia.

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International Forest Products (Interfor) has reached agreement in principle to acquire the assets of Keadle Lumber Enterprises Inc. of Thomaston, Georgia, USA.

Keadle is a well-regarded producer of high quality southern yellow pine lumber and has been in business since 1947. The mill currently produces 80 million board feet on a one – shift basis. Interfor intends to increase the mill’s kiln capacity and add a second shift to the operation, as market conditions improve, bringing production to an annual rate of 160 million board feet.

The Keadle mill is located approximately 75 miles west of Interfor’s recently acquired mill at Eatonton, Georgia and is part of the company’s strategy to grow its presence in the U.S. Southeast.

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Catalyst Paper Mill Facility Auction – May 14, 15 & 16. (PRNewsFoto/Rabin Worldwide)

The entire contents of the former Catalyst Paper mill in Snowflake, Arizona will be auctioned off over 3 days this month.

Rabin Worldwide will be conducting the auction on May 14, 15, and 16.

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Aspen Planers Ltd. has purchased the former Ardew Wood Products mill site in Merrit, British Columbia.

Ardew Wood Products exhausted its timber supply and closed on January 11, 2013.  The company was started by Erik Norgaard 47 years ago.

The purchase price has not been disclosed, nor has Aspen Planer’s plans for the site.

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In 2009, the  Mattawa Bonfield Economic Development Corporation bought the Mattawa, Ontario sawmill from Tembec for $1.

Each time the Corporation has come close to finding a new operator for the mill, the deal has fallen through because there are virtually no forest harvesting rights available in the area.  The wood supply that was tied to the mill was redistributed when the mill stopped operating.

There have been opportunities to purchase wood from local harvesters, but no one has been willing to sign a long-term supply arrangement with a new operator.

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Tembec Inc. has reached an agreement to sell its NBSK pulp mill and related assets and liabilities located in Skookumchuck, British Columbia to Paper Excellence Canada Holdings Corporation for a purchase price of $89 million, which includes working capital.

Closing of the transaction is expected to occur in the second calendar quarter of 2013 and remains subject to certain conditions and regulatory approvals.

“This transaction supports the continuing transformation of the Company and the reshaping of its business portfolio,” stated Tembec President and CEO James Lopez.

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International Forest Products Limited (Interfor) has completed the acquisition of Rayonier’s Wood Products Business in the U.S. South, as scheduled on March 1st.

The acquisition includes three sawmills located in central Georgia with a combined annual capacity of 360 million board feet.

“The acquisition of Rayonier’s Wood Products Business is a significant strategic move for Interfor,” said Duncan Davies, Interfor’s President & CEO. “In addition to providing a footprint in the U.S. South the acquisition increases Interfor’s annual production capacity to more than 2 billion board feet and broadens our product base to include Southern Yellow Pine.”

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