Deal for Pope & Talbot pulp mills falls through; sawmill still being negotiated

PORTLAND, OR , May 09, 2008 (RISI) - Last Friday, an agreement between 160-year-old Pope & Talbot, of Portland, Oregon, and Asian company P T Pindo Deli failed, leaving Pope & Talbot in a quandary as to future direction. P T Pindo Deli is a subsidiary of Asia Pulp and Paper, which is itself owned by Sinar Mas Group, Asia’s largest paper producer, headquartered in Indonesia. On Monday, a Canadian bankruptcy court extended Pope & Talbot’s bankruptcy protection only 48 hours, to Wednesday.

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