Negotiations Begin to Restart Fort Frances Mill in Ontario
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Fort Frances (Ontario, Canada) officials announced on Dec. 13, 2018 that Repap Resources Group notified Resolute Forest Products (Canada) that it wishes to negotiate the purchase of the shuttered Fort Frances paper mill assets, with the intention of quickly moving to restart the facility in 2019.
"We look forward to assisting Repap Resources Group in their bid to purchase the Fort Frances paper mill. Returning 263 new jobs in the Rainy River District is remarkable. It will not only reunite families will also provide long term opportunities for our youth. We thank Repap Resources Group for their interest in investing in the future of Fort Frances." said Fort Frances Mayor June Caul.
Repap Resources Group describes itself as a private investment group that is partnering with 4Front Capital Partners Inc., an investment bank in Toronto. Repap’s management team consists of professionals with more than 180 years of combined senior executive experience in the pulp and paper industries. Repap said that it plans to produce packaging grades (sack kraft papers) from the Fort Frances Mill.
