The Smurfit-Stone Container Corp. closed their corrugated paper mill in Bathurst, New Brunswick in August of 2005 putting 270 people out of work.
Since then, the mill has sat vacant in the downtown area of Bathurst while the New Brunswick government searched for a buyer.
Details are scarce, but the mayor of Bathurst has announced the sale of the mill to Bathurst Redevelopment Inc.
Mayor Stephen Brunet said he is not aware of the company's plans for the mill.
"The biggest thing I think it could mean would be that the site would get cleaned up. It's becoming pretty bad looking," Brunet said. "I'm hoping that that will be dealt with and cleaned up and if there's anything salvageable that a new business will set up in there.
Source:
Smurfit-Stone mill sold after five years: Bathurst mayor (CBC)