Jun 30, 2008. /Lesprom.com/. Pope & Talbot's former pulp mill in Halsey, Or., has restarted under new owner Wayzata Investment Partners, Wayzata, Mt. Wayzata won the mill in a bankruptcy court auction with a cash bid of $31.2 million.
Former Pope & Talbot pulp mill in Halsey, Oregon, restarted under new owner Wayzata
Jun 30, 2008. /Lesprom.com/. Pope & Talbot's former pulp mill in Halsey, Or., has restarted under new owner Wayzata Investment Partners, Wayzata, Mt, Building products reported.
Wayzata won the mill in a bankruptcy court auction June 16, with a cash bid of $31.2 million, and the sale was completed by the following June 20. The firm specializes in private equity and hedge funds, part of which are invested in Tempec Paper Group of Canada, which operates pulp and paper mills and lumber mills.
The pulp is used for products such as paper, tissue, and building products. Some of the mill's major customers included James Hardie Building Products and Weyerhaeuser, according to Wayne Henneck, previously general manager of the mill and now president of the newly named operation, Cascade Pacific Pulp LLC.
Pope & Talbot, a 159-year-old company based in Portland, Or., filed for bankruptcy in November and unsold assets were turned over to a court-appointed trustee for liquidation. The fate of its remaining facilities-a sawmill in Fort James, B.C., and shuttered pulp mills in Mackenzie and Nanaimo, B.C.-will be determined July 7 at a hearing by the Supreme Court of B.C.
