BMI Group, through its subsidiary Bioveld North Inc., has entered into an agreement to acquire the historic Espanola pulp and paper mill from Domtar. The transaction includes not only the mill itself but also a 16-megawatt hydropower plant and dam that supplies electricity to Ontario’s power grid. While financial terms have not been disclosed, the deal is subject to customary regulatory approvals, during which Domtar will retain ownership. The acquisition represents BMI Group’s strategic move to repurpose the site, aligning with its broader redevelopment and sustainable infrastructure initiatives.