News
P&T agrees to sell 3 pulp mills

PORTLAND, OR -Pope & Talbot announced that it has agreed to sell three pulp mills to one or more affiliates within the Sinar Mas Group. The value of the transaction to Pope & Talbot is approxi…

PORTLAND, OR -Pope & Talbot announced that it has agreed to sell three pulp mills to one or more affiliates within the Sinar Mas Group. The value of the transaction to Pope & Talbot is approximately $225 million, including the assumption of certain liabilities and $100 million of working capital proceeds that is not subject to the sale, to be realized after closing. The three pulp mills, located in Nanaimo, BC, Mackenzie, BC, and Halsey, OR, are producers of high-quality softwood pulp.