Canadian Kraft Paper Industries Limited, a company affiliated with American Industrial Acquisition Corporation, has purchased Tolko Industries' Manitoba kraft paper mill and sawmill in The Pas, Manitoba, Canada, as the company said in the press release received by Lesprom Network.

As part of the agreement, all current Manitoba employees will transition to Canadian Kraft Paper Industries Limited, and maintain operations going forward. Over the coming months, Tolko will work with Canadian Kraft Paper Industries Limited to support a successful transition.

Source : lesprom.com