Northern Pulp to Sell Off Assets Five Years After N.S. Mill Closed

Northern Pulp scuttles plans for new pulp mill on Nova Scotia's south shore

A new pulp mill sought for Nova Scotia’s south shore will not be happening, at least not in the near future.

Northern Pulp to sell off assets five years after N.S. mill closed

More than five years after it closed its Nova Scotia mill, Northern Pulp is starting the process of selling off its company assets, putting an end to discussions of it potentially opening a new kraft pulp mill in the province.

Northern Pulp to sell assets after studies completed

Northern Pulp is beginning the process of selling off company assets, five years after shutting down its mill in Nova Scotia. The insolvent company announced on Monday night that the court-supervised sale process is starting, after it failed to secure funding for a new pulp mill in the province. “This decision follows the completion of […]

Northern Pulp To Initiate Asset Sales Process As Part Of CCAA - Wood Business

Northern Pulp Nova Scotia (Northern Pulp) announced on July 14 that, in conjunction with the court-appointed monitor Ernst & Young (EY), it will initiate a court-supervised sales process for the company’s assets under the Companies’ Creditors Arrangement Act (CCAA), as outlined in its settlement agreement with the Province of Nova Scotia in May 2024. This decision follows the completion of a comprehensive feasibility study, which concluded that …

Northern Pulp to initiate sale of assets

Northern Pulp announced Monday that it will initiate a court-supervised sales process of its assets after it confirmed it wasn't able to secure funding for a new mill project. Nova Scotia's minister of natural resources says it's "not the outcome we had hoped for."

Northern Pulp aborts Liverpool mill plan - Halifax Examiner

On Monday, the company announced that its 14% profit target could not be met, and so the asset sale will commence.