June 05, 2020

How to save a mill

A few years ago Kimberly-Clark Corp. was going to close the Spruce Falls paper mill in Kapuskasing, Ontario. An instrument engineer, Denis Turcotte (no relation), came up with an idea for the workers to buy the mill.

A team consisting of townspeople and millworkers was put together. Agreements were reached with Kimberly-Clark, suppliers, customers, governments, creditors, unions and workers. Shares were sold to the workers and people in the town. They were successful in keeping the mill in operation.

Later they made money on their shares when Tembec purchased the mill. Last I heard, Denis Turcotte was the mill manager. I wonder if this could happen at Great Northern Paper?

Paul Turcotte


Have feedback? Want to know more? Send us ideas for follow-up stories.

comments for this post are closed

You may also like