Burrows Paper Sells Hydroelectric Power Assets to Cube Hydro

Burrows Paper Corp., Little Falls, N.Y., USA, announced that it and the other owners of Lyonsdale Associates LLC have sold their ownership interests in Lyonsdale Associates to Cube Hydro New York LLC, a wholly-owned subsidiary of Cube Hydro Partners LLC. Lyonsdale Associates owns and operates a 3 MW hydroelectric facility in Lyonsdale, N.Y., and is the general partner of Little Falls Hydroelectric Associates, which owns and operates the 13.6 MW Little Falls hydroelectric facility in Little Falls, N.Y. The Little Falls and Lyonsdale facilities have been generating clean electricity in Upstate New York since 1986.

"We are pleased to announce that Cube Hydro will assume control of the Lyonsdale and Little Falls facilities and will maintain Bill Burrows’ vision and commitment to sustaining the environment. We are extremely proud of our dedicated employees who have operated and maintained these facilities since they commenced commercial operations, and we are positive that Cube Hydro will continue this strong operating history," said Rose Mihaly, president and COO of Burrows Paper.

"Cube Hydro is excited to close on the acquisition of Lyonsdale Associates and assume control of the Lyonsdale and Little Falls hydro plants. We look forward to operating and maintaining these facilities to maximize the generation of clean electricity to businesses and residents of Upstate New York, and to being part of and involved in the local communities," said Kristina Johnson, president and CEO of Cube Hydro.

Burrows Paper operates four paper mills and six packaging converting facilities domestically and abroad. Burrows incorporates nearly 100 years of papermaking experience into its food packaging line of products and is one of only a few companies capable of producing lightweight printable tissue paper from 7.5 to 30 lb.(12.2to 48.9 gsm). Burrows offers machine glaze and machine finish paper grades for a variety of uses from medical and food packaging to innovative industrial applications.

More information about Burrows Paper can be found online.

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