Twin Rivers Paper Company, a leading producer of specialty and kraft paper products, announced that it has finalized the sale of Plaster Rock Lumber Corporation, its softwood lumber mill in Plaster Rock, New Brunswick, to eastern Canadian lumber manufacturer and North American forest products leader Groupe Lebel. The sale advances Twin Rivers' strategy of investing in and growing its core business of specialty and kraft paper production.

The transaction includes a long-term supply agreement for Groupe Lebel to provide Twin Rivers Paper with by-product chips and biomass utilized by Twin Rivers' pulp and cogeneration operations in Edmundston, New Brunswick.

Twin Rivers Paper Company, headquartered in Madawaska, Maine, is an integrated specialty paper manufacturer producing more than half a million tons of paper per year for the publishing, label, technical and packaging sectors.