Hey Herbie, I see you have new investors coming to town…
Mackenzie Pulp Mill Under New Management
By 250 News
Wednesday, February 06, 2008 03:21 PM
Prince George, B.C. - It has been confirmed, Sinar Mas is the successful bidder for four Pope and Talbot assets.
As part of a three pulp mill purchase, Sinar Mas of Shanghai, paid $225 million in cash plus other incentives, for the Mackenzie Pulp Mill, Harmac Pulp in Nanaimo, and one in Halsey Oregon.
The communications company has also announced Sinar Mas has also purchased the Ft. St. James sawmill. The price paid for that facility has not been released.
Fox Lumber of Montana has purchased the Pope and Talbot sawmill in Midway, again the price has not been disclosed.
Kelly Oâ€™Brien of Hubbell Communications says the deals will be final following a court approval, and that hearing is set for February 12th.