Northeastern Ontario worries about fate of Grant Forest Products

Many people from Northeastern Ontario are worried that a foreign company will take over the ownership of Grant Forest Products and their large OSB mill in Englehart.

Grant Forest Products launched a restructuring process under the Companies’ Creditors Arrangements Act in June.

2 or 3 of the bidders who are interested in acquiring the company are large multi-national companies. One is rumoured to be Georgia-Pacific.

A court-appointed monitor is reviewing the bids and will then make a recommendation to the courts, with everything scheduled to be completed by December 1.

Read the local viewpoint:

Potential foreign takeover of GFP raises alarm (The Temiskaming Speaker)

Kirkland Lake concerned about possible Grant's takeover (Northern News)