Newsprint sector to see more consolidation with White Birch owner ready with 350 million to buy 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.