Fraser Papers Announces Name for the New Specialty Papers Business: Twin Rivers Paper Company

Fraser Papers Inc. has announced that the specialty papers business, to emerge from creditor protection under the company's restructuring proposal, will be named "Twin Rivers Paper Company".

The new specialty papers business will consist of the integrated pulp, energy and paper operations in Edmundston, New Brunswick and Madawaska, Maine, as well as two lumber mills located in Plaster Rock and Juniper, New Brunswick. The new company name is reflective of the location of the pulp and paper operations at the confluence of the Madawaska and Saint John Rivers.

"The new name was generated from an employee suggestion process and reflects a number of key characteristics we think are appropriate for the company. These include pride in our northern location and community, combined with the natural attributes of sustainability and strength that we associate with these two rivers," said Jeff Dutton, President and COO of Fraser Papers.

The new name, Twin Rivers Paper Company, is being introduced to employees and customers but will not be used officially until the sale of the specialty papers business is completed, expected in early April, following final court approvals in both Canada and the United States.

Source: Fraser Papers