Loading prices...

Register/Sign in
ScrapMonster
Rubber and Wood December 06, 2022 09:00:38 PM

Twin Rivers Paper Decided to Sell Canadian Lumber Mill

Paul Ploumis
ScrapMonster Author
The transaction is subject to provincial review and necessary regulatory approvals and is expected to close in Q1 next year.

Twin Rivers Paper Decided to Sell Canadian Lumber Mill

SEATTLE (Scrap Monster): Madawaska, ME-headquartered Twin Rivers Paper Company announced plans to sell its lumber mill in New Brunswick, Canada to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel. The definitive agreement to sell the Plaster Rock softwood lumber mill was signed by both parties.

The deal includes a long-term supply agreement, whereby Groupe Lebel will continue to supply by-product chips and biomass for use by Twin Rivers Paper’s pulp and cogeneration operations in Edmundston, New Brunswick. It must be noted that Groupe Lebel has been a long term supplier to the company.

The transaction is subject to provincial review and necessary regulatory approvals and is expected to close in Q1 next year. Stifel is the exclusive financial advisor for Twin Rivers in the transaction.

Tyler Rajeski, Chief Financial Officer of Twin Rivers Paper noted that the decision to sell the lumber operation is aligned with its strategy of investing in and growing its core business of specialty and kraft paper production. The transaction will have positive impacts on mill employees, business stakeholders, and the Plaster Rock community, he added.

YOU MAY ALSO BE INTERESTED IN:

Roseburg Forest Products Announced Groundbreaking of New Sawmill

Camden Timbers to Restart Victory Lumber Sawmill in Arkansas

How to Recycle

How to Dispose of Carpet

How to Dispose of Carpet

How to dispose of old carpets? Proper disposal is crucial for several reasons, mainly health and environmental concerns.
How to Dispose of Lithium Batteries

How to Dispose of Lithium Batteries

Proper care should be taken regarding the battery disposal. Read this post to get an idea on how to dispose of lithium batteries.
How to Dispose of a Couch

How to Dispose of a Couch

In this article, we will discuss some straightforward methods on how to dispose of a couch safely. Let’s check out the different options.
powered by RecyclingMonster
×

Quick Search

Advanced Search