Fortress Paper Ltd.

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...

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...