On June 7 2007, St Marys Paper Corp. purchased all of the assets of St Marys Paper Ltd. The Mill resumed papermaking operations on June 22, 2007.

 The new ownership of St Marys Paper Corp consists of a majority interest being held by SMP Equity Corp., a group of investors from the Sault Ste. Marie area with business acumen and strategic capabilities who can positively contribute to the operation of St. Marys Paper Corp., and as minority shareholders, key management personnel who are experienced in the management and operational requirements of the business.

 The new ownership of St. Marys Paper Corp. has successfully negotiated a ten year labour agreement with the The Communications, Energy and Paperworkers Union and have obtained institutional financing from a large Canadian based institution; as well as the support of the Ontario Government in order that the Mill can move forward with its plans to upgrade and improve the quality and quantity of paper produced. The new ownership plan on proceeding with important capital projects, such as the building of a co-generation facility and continue the commercial development of the bio-solids available from the Paper Mill.

St. Marys Paper Corp. can produce 660 short tons per day of  Supercalendered paper products under the market names of Sequence, Sequel and Synpress.  St Marys Paper Corp. will continue to provide our customers the opportunity to purchase Forest Stewardship Council (FSC) certified products as 70 percent of the fiber utilized to make our products comes from FSC certified forests.

 The new owners, our employees and St Marys Sales Company staff are all committed to continuing to provide our customers with extremely well serviced, reliable products, produced at a safe, environmentally sound facility which has a secure future.