New ownership of Twin Rivers latest sign of forestry renewal

EDMUNDSTON, NB, June 10, 2013 /CNW/ - The union representing workers at Twin Rivers Paper Company welcomes its acquisition by Atlas Holdings and Blue Wolf Capital Speaking at today's press conference announcing the acquisition, Communications, Energy and Paperworkers Union President Dave Coles said, "this is a positive step forward for Twin Rivers, for CEP Local 29, and for our retirees."

Coles said the union will be working with the new owners and the Government of New Brunswick to ensure that the hourly pension plan for actives and retirees is protected.
"I am encouraged by commitments received from the new owners," he said. 

"Today's announcement, together with CEP's recent certification of 200 workers at the saw mill in Plaster Rock, N.B., are proof of the renewal taking place in the forest industry. And we intend to keep building on that."

CEP represents 350 workers at the Twin Rivers plant, which produces specialty papers and lumber products that are well regarded throughout the industry, and operates a second facility in Madawaska, Maine.

SOURCE: COMMUNICATIONS, ENERGY AND PAPERWORKERS UNION OF CANADA

Dave Coles [phone]