New owners for the Boise mill in International Falls.Packaging Corporation of America is purchasing all of Boise Inc. mills in a deal worth about $2-billion.
Boise spokesperson Virginia Aulin says it's was a good offer to accept.
The deals comes as the International Falls mill prepares to close two of its paper machines and layoff 265 employees.
There is some optimism among the area's leaders over the planned ownership change.
Mayor Bob Anderson feels there will be benefits that help the paper mill becoming profitable.
Anderson says it's still important. though. to continue the work of finding ways to diversify their local economy in light of the mill's restructuring.
