VANCOUVER, British Columbia -- Fortress Paper's wholly owned subsidiaries, Fortress Global Cellulose Ltd. and Fortress Lumber Corp., have closed the asset purchase agreement entered into with LSQ Energy, L.P. and LSQ Development, L.P.

The asset purchase agreement provides for the sale of all of the assets relating to the non-operating pulp mill and sawmill, as well as the cogeneration facility, located in Lebel-sur-Quévillon, Québec.