No decision yet on restarting paper mill

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Posted: May 4, 2010 7:28 AM by Andrea Fontenot
Source: Associated Press

  Rating: 3.0 (1 vote)

Topics: paper mill, St. Francisville, Tembec, Renew Paper, West Feliciana Acquisition LLC

The purchase of the Renew Paper mill near St. Francisville is official, but there's no word on restarting the plant.

The $10 million sale was approved last month by a federal bankruptcy judge in Baton Rouge.

West Feliciana Acquisition LLC sold the 455,000-square-foot mill and 610 acres to Amzak Capital Management LLC of Florida.

Last year, Amzak helped finance WFA's failed attempt to operate the former Tembec Inc. mill.

A staff of about 14 is maintaining the plant as the future use of the mill is being studied.

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