Apr 30, 2013. /Lesprom Network/. Fortress Paper Ltd. has completed the sale of the Dresden mill to Glatfelter Gernsbach GmbH & Co. KG, a subsidiary of P.H. Glatfelter Co. The purchase price for the sale was Euro160 million (approximately CDN$212 million), subject to a post-closing working capital adjustment, as the company said in a press release received by Lesprom Network. 

With the sale of the Dresden Mill, Fortress Paper no longer operates in the specialty papers (wallpaper base) industry.

Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which is also in the process of expanding into the renewable energy generation sector with the construction of a cogeneration facility.