Fortress Closes Acquisition of LSQ Mill in Québec
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Fortress Paper Ltd., Vancouver, B.C., USA, this week closed its acquisition of the pulp mill assets located at Lebel-sur-Quevillon (LSQ), Qué., Canada, as was announced last week. Collective agreements with unionized employees of the LSQ mill have been ratified, the documents held in escrow have been released, and the acquisition has now completed.
Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers, and security paper products. The company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill in Canada, which is also in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility. Fortress operates its specialty papers business at the Dresden Mill in Germany, a producer of specialty non-woven wallpaper base products, and operates its security paper products business at the Landqart Mill in Switzerland, where it produces banknote, passport, visa, and other brand protection and security papers, and at its Fortress Optical Facility in Canada, where it manufacturers optically variable thin film material.
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