Mitsubishi Corporation and Oji Holdings Corporation have sold Alberta Pacific Forest Industries (“Alpac”) to Hokuetsu Kishu Paper.

Alpac operates one of North America’s largest pulp mills, based in Alberta, with annual revenues of over $350 million.

Hokuetsu Kishu Paper is Japan’s fifth largest paper maker, with annual sales of ¥223 billion (C$2.4 billion).

Capital West Partners acted as the exclusive financial advisor to Mitsubishi.

For additional information contact:

Paul Langley

[email protected]

(604) 718-6809