Jean-Yves Cardinal has purchased the former Atcon mill in Nelson, New Brunswick and rebranded it Riverstone Plywood Inc.
The sale agreement was approved Feb. 18 by Justice Thomas Riordon of the Miramichi Court of Queen’s Bench.
Cardinal, who has been involved in lumber and plywood sales in Quebec ‘“my whole life’”, told the Miramichi Leader there is a ‘“very big demand’” now for the products.
He plans to revive the mill that closed in 2008 and hire 100 direct employees. Cardinal believes that will create another 200 indirect regional jobs.
One of the veteran forestry executive’s priorities is to regain access to 62,000 cubic metres of Crown timber historically allocated to the mill.
Public Safety Minister Robert Trevors told the newspaper Feb. 26 that the wood had not been reassigned. The PC MLA for Miramichi Centre said when Riverstone Plywood Inc.’s business plan was in and the mill was up and running he would fight to get Cardinal the wood.