Twin River Paper Announces Sale of Its Plaster Rock, New Brunswick, Sawmill to Groupe Lebel

Twin Rivers Paper Company, a leading producer of specialty and kraft paper products, announced on Friday (12-2-22) that it had reached a definitive agreement to sell its softwood lumber mill located in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products company Groupe Lebel.

Groupe Lebel is a longtime supplier to Twin Rivers Paper. The transaction includes a long-term supply agreement for the Plaster Rock mill to continue providing Twin Rivers Paper with by-product chips and biomass utilized by Twin Rivers’ pulp and cogeneration operations in Edmundston, New Brunswick.

Pending regulatory and provincial review, the transaction is expected to close early in 2023Q1.