Archive for March, 2010
Filed under: Rayon
GLOBE AND MAIL: “Rayon Is Fortress’s True Story”
by Trevor J. Murphy on Mar 23rd, 2010
Most investors cringe and run when they learn that the company they've invested in is abruptly changing course. [caption id="attachment_999" align="alignright" width="300" caption="Fortress Paper President and CEO Chad Wasilenkoff. Source: The Globe and Mail"][/caption] That explains why Fortress Paper shares were bruised last Friday, after the company announced that it was buying a pulp mill from a bankrupt operator in Quebec. Fortress...
Filed under: Fortress Specialty Cellulose Inc.
Fortress Paper Announces an Acquisition to Enter the Specialty Cellulose and Bio-Energy Sectors
by Trevor J. Murphy on Mar 18th, 2010
Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP), a leading producer of security and specialty papers, in a major strategic move today announces the signing of an asset purchase agreement (“APA”) to acquire the assets of a northern bleached hardwood kraft (“NBHK”) manufacturing facility located in Thurso, Quebec (the “Thurso Mill”) from Fraser Papers Inc. (“Fraser”) with the intention to convert this o...