In what can arguably be referred to as a rare occurrence in Canada’s pulp and paper industry, two companies have ma…
In what can arguably be referred to as a rare occurrence in Canada’s pulp and paper industry, two companies have made offers to buy the Meadow Lake Pulp mill.
According to a report by canada.com the provincial government may soon be in a position where it will be able to divest itself of financial involvement in the facility, as two prospective buyers are on the horizon.
“We’re pleased with the negotiations and how they’ve gone,” canada.com reported the mill’s lawyer, Conrad Hadubiak as saying. “We feel we’re going to get a fair price for the assets.”
The report further confirmed the offers are still lacking some detail, however, at this point and time, those outstanding terms will not be made public.
The mill is a government Crown Corporation. Investment Saskatchewan owns a total of 50% of the facility; the remaining half belongs to Millar Western. As canada.com confirmed, a full purchase of the mill would be the desired outcome, however, there are other potential avenues open for exploration.
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