Fortress Paper Ltd. has changed its name to "Fortress Global Enterprises Inc." in order to better reflect its existing business and future prospects, as the company said in the press release received by Lesprom Network.
Chadwick Wasilenkoff, CEO, stated: "We are pleased to change the name of the Company to Fortress Global Enterprises Inc. to align our focus on global investment opportunities. With the recent sale of our Swiss security paper products business, we will now adopt a name that better reflects our Company's global perspective while we continue to seek new opportunities to create shareholder value."
The Company's common shares are expected to commence trading on the Toronto Stock Exchange under the new symbol "FGE" on or about February 1, 2018. The Company expects that on the same date its 7% convertible unsecured subordinated debentures due on December 31, 2019 will commence trading on the TSX under the new symbol "FGE.DB.A". The Company's common shares quoted on the OTCQX® Best Market will continue under the symbol "FTPLF".
Fortress Paper operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which also operates in the renewable energy generation sector through its cogeneration facility.
