Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings, Thunder Bay Pulp and Paper Inc.
Thunder Bay is a leading northern bleached softwood kraft and northern bleached hardwood kraft pulp, paper, newsprint and directory producer. The Mill has been a landmark in northwestern Ontario for more than a century. Kent Ramsay, who has served as General Manager of the Mill since 2019, has been named President of Thunder Bay Pulp and Paper.
Resolute will continue to operate its sawmills and woodlands operations in Northwestern Ontario, Canada. With the closing of the transaction, the parties have entered into certain ancillary agreements, including a long-term woodchip and biomass supply agreement pursuant to which Resolute will continue to provide chips and biomass to the Thunder Bay mill.
Resolute Forest Products is a leading producer of a diverse range of wood, pulp, tissue and paper products.
