Atlas Holdings LLC has completed the sale of Northern Resources Nova Scotia Corporation ("Northern Resources") to Paper Excellence Canada Holdings Corporation ("Paper Excellence"), a Vancouver-based pulp manufacturing company. Northern Resources is the parent company of Northern Pulp Nova Scotia ("Northern Pulp"), with a kraft pulp mill located in Pictou County, Nova Scotia, and Northern Timber, which owns timberlands in Nova Scotia that support the operation of the mill.
The company is to transfer ownership to Paper Excellence and believe its strategic focus and substantial technical and financial resources will continue to ensure the long-term competitiveness of the mill.
