Ballantyne Strong's (BTN) GreenFirst To Acquire Forest and Paper Products Assets in Ontario and Quebec For $214 Million

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Ballantyne Strong Portfolio Company GreenFirst To Acquire Forest and Paper Products Assets in Ontario and Quebec For $214 Million

April 12, 2021 5:12 PM EDT

Charlotte, NC, April 12, 2021 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the Company or Ballantyne Strong) announced that portfolio company GreenFirst Forest Products Inc. (TSXV: GFP) (GreenFirst) has entered into a binding asset purchase agreement pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc.

Based on GreenFirsts announcement,... More