Twin Rivers Paper Company Finalizes Sale of Its Plaster Rock Lumber Mill to Groupe Lebel

Twin Rivers Paper Company on Monday (3-21-23) announced it has finalized the sale of Plaster Rock Lumber Corporation, its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel.

According to the announcement, the sale advances Twin Rivers’ strategy of investing in and growing its core business of specialty and kraft paper production.

The sale includes a long-term supply agreement with Groupe Lebel to provide Twin Rivers Paper with by-product chips and biomass utilized by Twin Rivers pulp and cogeneration operations in Edmundston, New Brunswick.