An Atikokan area mill is among four Buchanan-owned mills that have entered bankruptcy proceedings.
Atikokan Forest Products is now in receivership.
Company spokesperson Yves Fricot says it's too soon to say if it will be a positive move.
"The mills closed about three years ago," says Fricot," and it's everybody's hope, ours, the unions and our employees, that we might be able to hang through this downturn and ultimately reopen the mills and put people back to work."
Atikokan Forest Products closed in 2008.
The Steelworkers Union will be looking to obtain severance for former workers.
