Paper Excellence and One Sky Forest Products have signed a non-binding co-location agreement. According to the agreement, One Sky will co-locate its new oriented strand board (OSB) operations at the existing Prince Albert mill site in Canada.
Co-location means that One Sky will occupy approximately 10% of the existing property, and the two companies will share log storage areas and existing infrastructure, including electrical, natural gas, and rail lines. Both companies recently received softwood and hardwood fibre allocations from the Government of Saskatchewan, Canada.
Paper Excellence, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers.
One Sky Forests Products Ltd. is a privately held Saskatchewan corporation formed to construct and operate the One Sky Oriented Strand Board plant in Prince Albert, Saskatchewan. It is a partnership between Peak Renewables Ltd. (including Brian Fehr and his experienced industry management team) and certain local investors, including Montreal Lake Business Ventures, Meadow Lake Tribal Council together with Big River First Nation, and Wahpeton Dakota Developments.
