Fraser Papers Completes Sale of Thurso Pulp Mill
May 3, 2010 - Fraser Papers Inc.said that on April 30, 2010, it completed the sale of its pulp mill located in Thurso, Quebec to Fortress Specialty Cellulose Inc.
Terms of the deal were not disclosed.
The Thurso pulp mill has an annual production capacity of 245,000 tons of high quality northern bleached hardwood kraft market pulp.
Fraser Papers remains under creditor protection pursuant to the provisions of the Companies' Creditors Arrangement Act, with its stay of proceedings having been extended by the court to July 9, 2010.
SOURCE: Fraser Papers Inc.