Operations & Management
Mondi completes acquisition of Hinton Pulp mill from West Fraser
February 5, 2024 By P&PC Staff
West Fraser has completed the sale of its Hinton Pulp mill to Mondi plc, a global group specializing in the production of sustainable packaging and paper for a total consideration of USD 5 million.
“We would like to thank our dedicated employees, the community of Hinton, and the Government of Alberta, for their efforts in helping close this transaction,” said Sean McLaren, president and CEO of West Fraser. “The future of the Hinton Pulp mill is bright.”
The mill has the capacity to produce around 250,000 tonnes of unbleached kraft pulp per annum and will provide the Mondi group with access to local, high-quality fibre from a well-established wood basket as part of a long-term partnership with West Fraser.
Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility primarily with a new kraft paper machine which will integrate its paper bag operations in the Americas to support future growth.
Commenting on the acquisition, Andrew King, Mondi Group CEO, said, “We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and look forward to working together to secure the mill’s future and support Mondi’s growth in North America with our portfolio of sustainable packaging.”
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