Aug 30, 2006. /Lesprom Network/. Neenah Paper, Inc. announced on August 30 it has completed the sale of its Terrace Bay pulp mill and woodlands assets to Terrace Bay Pulp Inc. and Eagle Logging Inc., members of the Buchanan group. Terms of the sale are consistent with the definitive sales agreement signed earlier in the month and summarized in the company's press release on August 8, 2006. Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades. The company also produces and sells bleached pulp, primarily for use in the manufacture of tissue and writing papers. Neenah Paper is based in Alpharetta, Georgia, and has manufacturing operations in Wisconsin, Michigan and Nova Scotia, Canada.