Repap Resources notified Resolute Forest Products that it wants to negotiate the purchase of its idled Fort Frances paper mill assets in Fort Frances, Ontario, according to a news item from the Canadian Broadcasting Corp. (CBC). The mill was closed in 2014 by Resolute Forest Products. The CBC reports that Resolute Forest Products has been continuing to heat the empty mill at the request of the government of Ontario and has been seeking buyers.
Repap Resources Group is a private investment group that is partnering with 4Front Capital Partners Inc., an investment bank in Toronto. According to the CBC report, Repap’s management team includes professionals who have more than 180 years of combined executive experience in the pulp and paper industries.
The CBC report indicates that Repap Resources announced the intention of restarting the idled paper mill facility in 2019. Repap plans to produce packaging grades, such as kraft, from the Fort Frances mill.