CANADA (News release) -- Twin Rivers Paper Company has reached a definitive agreement to sell its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel.

Group Lebel is a longtime supplier to Twin Rivers Paper. The transaction includes a long-term supply agreement for the Plaster Rock mill to continue providing Twin Rivers Paper with by-product chips and biomass utilized by the company's pulp and cogeneration operations in Edmundston, New Brunswick.

Pending regulatory and provincial review, the transaction is expected to close early in the Q1 2023.

Twin Rivers Paper Company is a leading producer of specialty and kraft paper products.