MIRAMICHI, N.B. – The shuttered Weyerhaeuser mill in Miramichi, N.B. has been sold nearly five years after it was closed down by the company.
Weyerhaeuser spokesman Wayne Roznowsky says the company completed a sale to Quebec-based Arbec Forest Products in late November.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Roznowksy says “it’s our understanding” that Arbec has plans to re-start the mill, but he has no other details on the Quebec company’s plans.
- TC Energy urges co-operation on growing natural gas network to meet ‘generational’ demand
- AI stocks drop as tech companies call to slow down development for safety
- Central Alberta carbon capture hub on track to be largest in Canada
- Enbridge makes US$2.55B acquisition of pipeline, storage systems in U.S. midwest
Weyerhaeuser closed its oriented strand board mill in Miramichi in 2007, cutting 140 positions.
Arbec abandoned plans to take over the mill back in 2009 after it couldn’t get enough wood to operate the facility.
Comments
Want to discuss? Please read our Commenting Policy first.