Fraser Papers Completes Sale of Specialty Papers Business to Twin Rivers Paper Company

Toronto, ON April 29, 2010Fraser Papers Inc. (together with its subsidiaries, “Fraser Papers”) announced today that it has completed the previously announced sale of its specialty papers business to Twin Rivers Paper Company Inc. 

Fraser Papers remains under creditor protection pursuant to the provisions of the Companies’ Creditors Arrangement Act (“CCAA”), with its stay of proceedings having been extended by the court to July 9, 2010.

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Editorial Contact:
Dave Deger
Director, Business Development and Marketing
(207) 523-2355

Twin Rivers Paper Company is an integrated specialty paper company that manufactures packaging, label and publishing products for targeted markets and applications. The company has operations in Maine and New Brunswick. For more information, visit us on the web at