Tolko Industries has completed the sale of its pulp, paper and saw mill facilities in The Pas. It has been sold to Canadian Kraft Paper Industries Limited, an affiliate of American Industrial Acquisition Corporation. The paper mill had previously been scheduled to be shut down on December 2nd. CKP says they will retain the approximately 330 current employees at the mill which include members of the Unifor and United Steelworkers Unions.
The Senior Vice-President for American Industrial William Raedle says they are grateful for the enthusiastic support and encouragement of the leaders and members of the Unions, the Town of The Pas and the Province of Manitoba.
Premier Brian Pallister adds the collective efforts of the purchaser and seller, Swampy Cree Tribal Holdings, the Town of The Pas and the mills past and present employees are to be commended.
