http://www.northernontariobusiness.com/Around-the-North/120326/St--Marys-sale-approved.aspx
The sale of shuttered St. Marys Paper, which produced Supercalendered paper, in Sault Ste. Marie has been approved by an Ontario court.
On March 26, authorization was given for the sale to numbered company 2319839 Ontario Inc., which has been described by manager and receiver Ernst & Young as “a consortium of companies including an auctioneer, a real estate development company, a metals recycling company and a forest products company.”
“The receiver understands that the purchaser may potentially seek to redevelop the mill into a biomass facility with a cogeneration plant while liquidating the mill assets,” reads Ernst & Young's report.
