John Bragg
A BC Supreme Court judge signed off on the $235-million bid from a John Bragg-owned company for the Northern Pulp timberlands. …Bragg’s bid was the top price for the approximately 173,000 hectares of land and other assets during. John Bragg is CEO and founder of the Bragg Group, an organization with holdings that include Oxford Frozen Foods, Eastlink and Bragg Lumber. (Radio-Canada). …Members of Nova Scotia’s forestry sector and even environmentalists have expressed support for the deal, which they say keeps control of the land in the hands of a Nova Scotia company that takes a long view on how it approaches forestry operations. …Among other payees, the Nova Scotia government stands to receive about $100 million to cover debts owed to it by Northern Pulp and the pension plan for mill employees will be topped up. …There is also $15 million intended for maintaining the mill site at Abercrombie Point and implementing a closure plan.
- Related by Aaron Beswick in the Chronicle Herald: How Nova Scotia drove up bidding to recover loans in its largest land deal in a decade