Sale of Mississippi River Pulp's idled deinked market pulp mill in Natchez, Mississippi, making 'steady progress,' closing documents being drawn up and sale could close by end of January, says local official; details not revealed

Sandy Yang

LOS ANGELES , December 21, 2012 (Industry Intelligence Inc.) –

Mississippi River Pulp’s shuttered deinked market pulp mill in Natchez, Mississippi, could be sold by the end of January, according to an estimate on the closing date by a local official, reported The Natchez Democrat on Dec. 20.

The sale is making “steady progress,” said Chandler Russ, director of Natchez Inc., a local economic development organization. Further details, including the identity of the buyer, are not being released because the sale has not yet closed, he said.

The closing documents are currently being drawn up, and everything could be signed and completed toward the end of January, “based on how these things go,” said Russ, The Natchez Democrat reported.

Last month, Russ said that two parties were interested in the mill, one of which he described as a recycler making a similar product and the other as a party that wanted to enter the market. He declined to specify which of the two was currently buying the mill.

Mississippi River Pulp, which had been Mississippi River Corp. until it was bought in 2010, shut down the mill Oct. 31. The mill had been down for about a week when it closed. Prior to that it had run for 15 days, The Natchez Democrat reported.

The primary source of this article is The Natchez Democrat, Natchez, Mississippi, on Dec. 20, 2012.
 

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