Canfor Pulp Products Inc. says it's entered an agreement to sell its Taylor pulp mill. 

The mill in northeastern B.C., which produces bleached chemi-thermo mechanical pulp, is being sold for $7 million to an undisclosed buyer. 

Canfor Pulp president and CEO Kevin Edgson says the new owner is committed to repurposing the site and developing a long-term plan that will benefit the community.

The sale is expected to close during the first quarter. 

Just over a year ago, Canfor Pulp closed the pulp line at its Prince George mill, blaming a lack of fibre.

The company reported a loss for the third quarter of 2023, due in part to soft global pulp market conditions. 

This report by The Canadian Press was first published Feb. 7, 2024.