AbitibiBowater Mill Sale Conditions
By 250 News
Sunday, October 05, 2008 06:52 AM
Prince George, B.C.- So is the Mackenzie Paper mill, that belongs to Abitibi Bowater up for sale? Now that the folks from Abitibi Bowater have returned our calls, it seems the answer to that question depends on who you talk to.
Yes there is an agreement between the union and the Montreal headquarters of AbitibiBowater that would allow the mill to be sold. But that doesn’t mean AbitibiBowater is actively looking for a buyer.
“If someone comes forward with the right price, we would be interested in looking at selling the asset” says AbitibiBowater’s Vice President of Communications Seth Kursman “but are we actively looking for a buyer? No.”
Kursman says there is a string attached to any possible sale even if a prospective buyer should step forward. “If the buyer wants to produce the same product that was being produced we would not allow the sale as that would be a direct competition with other Abitibi Bowater holdings, so the product would have to be changed or the use of the asset be changed before any sale would be approved.”
CEP Local 402 spokesman Pat Crook says there have been rumours a couple of different companies have shown interest in purchasing the paper mill, but there’s been nothing confirmed. As for the workers buying the facility, that isn’t in the works, “We haven’t had any talks yet that would see the workers buying and running the mill like they did at Harmac in Nanaimo” says Crook, “It’s too early to say if those kind of talks would be considered.”
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As for an employee purchase plan...well I am in no position to come up with capital in order to purchase the place. Not sure if my former co-workers could either.