Thunder Bay Pulp and Paper acquires bay mill from Resolute FP Canada

GREENWICH — Atlas Holdings has closed the previously announced acquisition of the pulp, newsprint and directory paper mill operations in Thunder Bay, Ontario from Resolute FP Canada Inc. by Atlas’ affiliate, Thunder Bay Pulp and Paper Inc.

The Mill has been a landmark in northwestern Ontario for over a century. Kent Ramsay, who has served as General Manager of the Mill since 2019, has been named President of Thunder Bay Pulp and Paper.

“The Atlas team has been working hand-in-hand with our local team to prepare for this day as we begin the next chapter of this Mill’s storied history. I am proud to continue to lead this team and work with Atlas to stand up the Mill as a thriving, self-sufficient pulp and paper operation and continue our legacy as a hallmark of the Thunder Bay community for many years to come,” said Kent Ramsay.

Atlas announced the appointment of paper and packaging industry executive Randy Nebel as Chairman of the Thunder Bay Pulp and Paper Board of Directors. Nebel has experience in the pulp and paper sector, having previously served as President and Chief Executive Officer of Verso Corporation

“We wish to welcome the Thunder Bay team to the Atlas family of companies. We look forward to working alongside Kent and his team to build upon the Mill’s heritage as a trusted employer in the region and reliable industry player,” said Daniel Merriam, Principal at Atlas Holdings. “Atlas has successfully partnered with experienced Leadership Teams to acquire, strengthen and operate many pulp and paper businesses since our founding more than two decades ago, including several in Canada, and we are excited by the opportunity to bring our team’s experience to further the legacy of this Mill as Thunder Bay Pulp and Paper.”