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Fortress Paper Ltd. and IFP announce pulp purchase and sale agreement

FOXBOROUGH, Mass. – International Forest Products Corp. (IFP) announces that it has entered into a pulp purchase and sale agreement with the wholly-owned subsidiary of Fortress Paper Ltd., Fortress Specialty Cellulose Inc.

IFP will be the exclusive distributor for the sale of northern bleached hardwood kraft (NBHK) pulp produced at the Thurso Mill for the duration of such production.

The Thurso Mill is expected to commence commercial production in June of this year and is anticipated to produce approximately 250,000 air dry metric tonnes of high quality NBHK pulp per year. The re-start plans are on track and the mill expects to promptly deliver the high quality that it was well known for in the market place.

“Everyone at IFP is extremely pleased to be working with Fortress Paper on this exciting venture," said Daniel Kraft, President and CEO. "This relationship will align us with one of the world’s premier specialty paper producers.”