White Birch buys SP Newsprint

摘要

North America's fourth largest newsprint manufacturer, SP Newsprint, has been bought for 350 million in cash by affiliates of Peter Brant, controlling shareholder of White Birch Paper, the No. 2 producer on a capacity basis. The deal announced last Friday is to close by April, making SP Newsprint a White Birch subsidiary. SP Newsprint's two mills at Dublin, GA, and Newberg, OR, produce about 950,000 tonnes/yr of recycled newsprint, making the privately held company the second-largest producer of 100% recycled newsprint in North America.