The sale of Howe Sound Pulp and Paper to Paper Excellence B.V., announced in July, is now complete.
Howe Sound Pulp and Paper Limited Partnership, jointly owned by Canfor Corp. and Oji Paper Co. Ltd. of Japan, has completed the sale of all its operating assets to Howe Sound Pulp and Paper Corporation, a newly formed subsidiary of Paper Excellence B.V.
The principal asset in the sale is the pulp and paper facility at Port Mellon, B.C., capable of producing 400,000 tonnes of NBSK pulp and 230,000 tonnes of mechanical paper.