Groupe Lebel to acquire the softwood lumber mill in Plaster Rock from Twin Rivers Paper Company.

Groupe Lebel, a Canadian lumber manufacturer, agreed to acquire the softwood lumber mill in Plaster Rock from Twin Rivers Paper Company, a producer of specialty and kraft paper products. Financial terms were not disclosed. “The decision to sell the lumber operation is aligned with our strategy of investing in and growing our core business of specialty and kraft paper production. Groupe Lebel has long been a valued supplier to our Edmundston pulp operation and we’re pleased to have found a home for our Plaster Rock team members with a trusted partner. We look forward to expanding our relationship with the completion of this sale," Tyler Rajeski, Twin Rivers Paper CFO.