Paper Excellence has finalized the purchase of Resolute Forest Products, bringing a number of northwestern Ontario assets under its ownership.
Resolute Forest Products owns and operates sawmills in Atikokan, Ignace and Thunder Bay, along with the Thunder Bay pulp and paper mill. “We are thrilled to welcome Resolute into the Paper Excellence Group. Resolute's business is complementary to our own. It introduces new products to our offering and allows us to welcome an impressive workforce, strengthening our existing team,” Patrick Loulou, the company's vice-chairman and chief strategy officer, said in a March 1 news release.
“Resolute has shown that it shares our values and high standards related to the environment, our communities, and our people.”