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February 5, 2010

Chinese buy Oregon pulp mill

PORTLAND (AP) — A Hong Kong-based company has purchased a pulp mill in the lower Willamette Valley.

The Cascade Pacific Pulp mill near Halsey had been owned by Pope & Talbot, which went bankrupt in 2008 after 160 years in business. A Minnesota private equity firm won the mill for $31.2 million in an auction in June 2008.


 
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