Business News

Fraser Papers Obtains Court Approval for Sale of Thurso Pulp Mill

Wednesday 21. April 2010 - Fraser Papers Inc. (together with its subsidiary, FPS Canada Inc., "Fraser Papers" or the "Company") announced today that it obtained final approval on April 13 from the Ontario Superior Court of Justice (Commercial List) to complete the sale of its pulp mill located in Thurso, Québec to Fortress Specialty Cellulose Inc. ("Fortress").

The Company and Fortress expect to close the Transaction within the next few weeks.