bodydamage t1_jc8lpey wrote
Reply to comment by Colt1911-45 in Richmond Times-Dispatch: Tysons food facility in Glen Allen to close, 700 workers to be impacted according to union by whw53
That’s not entirely true, it’s not telling the whole story.
Bear Island was previously owned by White Birch and made newsprint. In 2017 they idled the plant and put it up for sale, Cascades came into the picture as a prospective buyer and wanted to see the plant run, so White Birch started the plant back up temporarily so Cascades could see it run. Cascades purchased Bear Island and is in the final stages of converting the plant to make linerboard(the stuff cardboard boxes are made out of) along with being a 100% recycled fiber process.
They’ve got something north of $400 MILLION tied up in the conversion in addition to the $37 million they paid for the plant. Between their investment and demand for linerboard I’d be shocked if they idled the plant.
Source: I know multiple people who work at Bear Island currently under Cascades ownership and I know several people who previously worked there under White Birch ownership.
Colt1911-45 t1_jca65it wrote
Thanks for giving me more insight. I work for a company that was a vendor there and we have been burned by them a few times. It just didn't seem like a very stable place to work, but like you said that's quite an investment so hopefully it proves to be a good place to work.
bodydamage t1_jca72db wrote
It’s also a completely different company now, that’s as big of a deal as the investment, possibly even more so.
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