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Fortress Paper Ltd Completes Sale of Dresden Mill to P H Glatfelter Co's Glatfelter Gernsbach GmbH & Co. KG


Tuesday, 30 Apr 2013 09:00am EDT 

Fortress Paper Ltd announced that it has successfully completed the sale of the Dresden Mill to Glatfelter Gernsbach GmbH & Co. KG, a subsidiary of P.H. Glatfelter Co., previously announced on March 13, 2013. The purchase price for the sale was EUR160 million (approximately CDN$212 million), subject to a post-closing working capital adjustment. With the sale of the Dresden Mill, Fortress Paper no longer operates in the specialty papers (wallpaper base) industry.