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Union hires firm to help with Skeena sale

In an attempt to find a buyer for New Skeena Forest Products’ pulp mill in Prince Rupert, BC and other assets, the…

In an attempt to find a buyer for New Skeena Forest Products’ pulp mill in Prince Rupert, BC and other assets, the Pulp, Paper and Woodworkers Union of Canada has commissioned the services of Watershed Capital Partners and Maurice Tibeault to help them restructure and finance a potential acquisition.

New Skeena was forced into receivership last month after yet another aborted attempt to resuscitate the stagnant operation. The company had been under court protection from creditors for nearly a year.