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Sinar Mas to Acquire Pulp Mill in British Columbia

April 16 (Bloomberg) -- Sinar Mas Group, an Indonesian paper producer with investments in palm oil and financial services, agreed to buy an idled wood-pulp mill in northern British Columbia, the provincial government said.

Sinar Mas, through a subsidiary of its Asia Pulp & Paper unit, plans to resume pulp production at the mill near Mackenzie before the end of the year, according to an e-mailed statement. The price wasn’t disclosed.

The mill, the second for Sinar Mas in Canada, has a capacity to produce about 235,000 metric tons of pulp a year, British Columbia said in the statement.

Sinar Mas also owns and operates a mill in Meadow Lake, Saskatchewan.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net.

To contact the editor responsible for this story: Kevin Miller at kmiller@bloomberg.net.

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