Res­o­lute signs deal to sell West Vir­ginia pulp mill

The Niagara Falls Review - - Business -

MON­TREAL — Res­o­lute For­est Prod­ucts Inc. has signed a deal to sell its re­cy­cled bleached kraft pulp mill in Fair­mont, W.Va., for US$55 mil­lion. The com­pany says ND Pa­per LLC, a sub­sidiary of Nine Dragons Pa­per (Hold­ings) Ltd., has agreed to buy the mill. Nine Dragons has nine pa­per mills in Asia as well as two U.S.based fa­cil­i­ties. It pro­duces a va­ri­ety of pack­ag­ing pa­per­board prod­ucts as well as re­cy­cled print­ing and writ­ing pa­per and spe­cialty pa­per. ND Pa­per has agreed to of­fer em­ploy­ment to the Fair­mont mill em­ploy­ees.

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