Indonesian consortium Asia Pulp & Paper has bought yet another British Columbia mill from insolvent Portland- based firm Pope & Talbot. The courts that oversee the sale of Pope & Talbot as…
Indonesian consortium Asia Pulp & Paper has bought yet another British Columbia mill from insolvent Portland- based firm Pope & Talbot. The courts that oversee the sale of Pope & Talbot assets approved the $6-million offer by Pindo Deli Pulp and Paper Mills, a subsidiary of Asia Pulp & Paper, for the firm’s Fort St. James sawmill and related timber tenures. Asia Pulp has assured the town of Fort St. John that the mill, which had employed almost 300 people before it shut down late last year, will stay in the community.
In January Pindo Deli bought Pope & Talbot’s three pulp mills for $225 million; two of the pulp mills are in southern British Columbia on Vancouver Island, the third is in Oregon.
In a related announcement, Montana-based Fox Lumber Sales will buy Pope & Talbot’s Midway sawmill for $750,000. Sited near the US-BC border, the mill had been shut down for more than a year; although Fox Lumber is optimistic about the future viability of the mill, it has no immediate plans to reopen it.
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