Resolute sells off recycling assets

Resolute Forest Products, a forest products company headquartered in Montreal, has completed the sale of most of the assets of its AbiBow Recycling LLC recycling collection division to EWJ International Inc. EWJ is an affiliate of the New York-based paper recycling firm Jordan Trading.

The transaction includes agreements for Jordan Trading to supply recovered fiber to Resolute’s Thorold, Ontario; Augusta, Georgia; and Mokpo, South Korea, paper mills.

Resolute says that two of the 18 paper collection operations it operates under the AbiBow name—located in Boston and Thorold—are not part of the transaction, though the company says it is looking for other opportunities to sell those operations.

Resolute says the decision to sell the collection division is consistent with its objective to focus on its core businesses of pulp, paper and wood products.

Despite selling off its recycling assets, Resolute stresses that it remains fully committed to supporting paper recycling. The paper company says it will continue to produce 10- percent-recycled newsprint at its mills in Thorold and Mokpo, as well as recycled-content newsprint at its Augusta mill and recycled specialty papers at its Calhoun, Tennessee, mill.

The company says it also will be producing 100-percent-recycled pulp at its deinking facilities in Fairmont, West Virginia, and Menominee, Wisconsin.