Twin Rivers Paper Company, a leading producer of specialty paper products, announced today the sale of its Pine Bluff, Arkansas unbleached kraft paper mill to American Kraft Paper Industries, an affiliate of global industrial group American Industrial Acquisition Corporation (AIAC). Terms of the transaction were not disclosed.
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On December 15, 2023, Canadian Kraft Paper Industries Limited was ordered to pay a $1 million fine after pleading guilty at the Provincial Court of Manitoba to one charge under the federal Fisheries Act, one of the largest environmental fines in Manitoba history. The charges stemmed from a February 2019 pipe leak at Canadian Kraft Paper Industries Limited’s pulp and paper mill in The Pas, Manitoba.