Mar 30, 2011. /Lesprom Network/. Paper Excellence Canada Holdings Corp has reached an agreement to acquire Northern Resources, the parent company of Northern Pulp Nova Scotia and Northern Timber, Abercrombie Point, Nova Scotia, as the company said in a press release received by Lesprom Network. “The agreement is good news for the company’s 230 employees, 400 timberlands contract employees, suppliers and community and business partners as it strengthens the mill’s economic position over the long-term,” says Wayne Gosse, President and CFO, Northern Resources. “A strong demand for the mill’s product globally presents a great opportunity for the mill to be part of a large international network of pulp mills and to diversify and expand its markets.” Paper Excellence operates three mills in Canada: Meadow Lake in Saskatchewan and Howe Sound and Mackenzie in British Columbia, and is in the process of acquiring the long closed Prince Albert mill in Saskatchewan. The Group currently employs over 800 Canadians. “We have been impressed by Northern Pulp’s operations, employees, and the quality of stakeholder relationships and partnerships,” says Ed Roste, Vice President Operations, Paper Excellence Canada. “We welcome Northern Resources into the Paper Excellence family. The Northern Resources team will continue to operate the mill and land holdings under the Northern Pulp name, and there are no job impacts as a result of the transaction. We’re committed to continuing to build productive relationships with labour, First Nations, NGOs, and community partners to achieve balance of social, environmental and economic priorities in industry and forest management.”