Fraser Papers enters SMART agreement
January 17, 2005 By Pulp & Paper Canada
Fraser Papers has entered into an asset purchase agreement with SMART Papers LLC. The accession will see an affilia…
Fraser Papers has entered into an asset purchase agreement with SMART Papers LLC. The accession will see an affiliate of SMART Papers acquire the pulp and paper assets of Fraser, located in Park Falls, WI, as well as its converting, distribution and customer service centres located in Chicago, IL.
Fraser is working to reposition its asset base in order to hone in on its core integrated paper operations. Although the company does not expect to record any substantial gain or loss from the transaction, it does anticipate a benefit from an immediate reduction in selling and administration costs.
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