The Provincial Government hopes to finalize the sale of Terrace Bay Pulp by the end of the month. Minister Michael Gravelle says the sale of the mill is moving along nicely. Gravelle is pleased the court approved the sale yesterday as well as the union ratifying a deal with the new owners. Gravelle says Terrace Bay, the company, former owner Buchanan and the Union still need to formalize the deal with signing a formal contract.Friday, July 20, 2012
Gravelle Happy With Terrace Bay Deal
The Provincial Government hopes to finalize the sale of Terrace Bay Pulp by the end of the month. Minister Michael Gravelle says the sale of the mill is moving along nicely. Gravelle is pleased the court approved the sale yesterday as well as the union ratifying a deal with the new owners. Gravelle says Terrace Bay, the company, former owner Buchanan and the Union still need to formalize the deal with signing a formal contract.