West Fraser Timber has completed the sale of its Hinton Pulp mill to Mondi Group following completion of Canadian regulatory reviews and satisfaction of customary closing conditions.
“We would like to thank our dedicated employees, the community of Hinton, and the Government of Alberta, for their efforts in helping close this transaction,” said Sean McLaren, President & CEO West Fraser. “The future of the Hinton Pulp mill is bright.”
Hinton Pulp produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fibre supply agreement.
West Fraser Timber announced an agreement to sell its unbleached softwood kraft pulp mill in Hinton, Alberta to Mondi Group in July 2023. Pursuant to the transaction, West Fraser will continue to supply fibre to the Hinton mill under long-term contract, via residuals from West Fraser's Alberta sawmills.
Mondi's intention, subject to pre-engineering and permitting, is to invest Euro 400 million in the expansion of the Hinton mill, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027.
