John Bragg

The Bragg family, one of Nova Scotia’s richest families is in line to buy the former timberland holdings once controlled by Northern Pulp. The family was selected as the successful bidder for 173,000 hectares of land and assets. The deal, worth $235 million, is subject to certain conditions and regulatory approvals, including approval by the Supreme Court of British Columbia, where Northern Pulp’s creditor protection process has been playing out. A hearing is scheduled for Dec. 16. “The Bragg family has been in the forestry business for several generations,” said John Bragg. The Bragg Group holdings also include Oxford Frozen Foods and Eastlink. “Our management team and family are dedicated to good forestry practices. We look forward to working with the forestry team at Northern Pulp and Northern Timber, and their associates. We are unable to comment on existing forestry operations, as it is very early days.”