Table 2: Major acquisitions involving North American pulp and paper mill assets, 1997.

 

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Aquiring Company United States Assets Purchased Estimated Value
(million $)
Alliance Forest Products Inc. Coosa Pines, Ala., fluff pulp and newsprint mill from Kimberly-Clark Corp. $600
Belgravia Investments Ltd. West Linn, Ore., coated free-sheet mill from Simpson Paper Co. n.a.
Brant-Allen Industries Inc. Dow Jones & Co.'s and the Washington Post Co.'s 35% stakes
in the Bear Island Paper Co.
n.a.
Brownsville Specialty Paper Products Inc. Columbus, Ohio, lightweight coated specialty paper mill from Fletcher Paper Co. n.a.
Caraustar Industries Inc. Baxter Tube Co., a subsidiary of Cleveland, Ohio-based The Tranzonic Cos. n.a.
Consolidated Papers Inc Repap USA including Kimberly, Wis., coated paper mill from Repap Enterprises Inc. 674
Fort Howard Corp. Merger with James River Corp. 5,800
Kimberly-Clark Corp. Nonwoven disposable medical products manufacturer Tecnol Medical Products Inc. 400
Newark Group Inc. Two recycled paperboard mills from Yorktowne Paper Mills Inc. and
Yorktowne's Mercer Paper Tube Corp. subsidiary
n.a.
Northwest Capital Appreciation Inc. Port Townsend, Wash., kraft market pulp, kraft sack and lightweight
linerboard mill from Port Townsend Paper Co.
pending
Rock-Tenn Co. Privately-held Davey Co. and Rite Paper Products Inc.
St. Paul, Minn.-based Waldorf Corp.
12
414
St. Laurent Paperboard Inc. West Point, Va., pulp, kraft papers and containerboard mill, plus four box plants
and related assets from Chesapeake Corp.
508
Southern Bag Corp. Multiwall bag business from International Paper Co. n.a.
The New Group Inc. Plainwell, Mich., coated and uncoated free-sheet mill from Simpson Paper Co. n.a.
Wausau Paper Mills Co. Merger with Mosinee Paper Corp.
Otis Specialty Papers from Rexam Inc.
$477/pending
58
Aquiring Company United States Assets Purchased Estimated Value
(million $)
Abitibi-Price Inc. Merger with Stone-Consolidated Corp. $4,900
Buckeye Cellulose Corp. 100% of Delta, B.C.-based Merfin International 270
Cascades Inc. 25% interest in CDM Desencrage owned by Donohue Inc. n.a.
Cascades Inc. Amalgamation of Domtar Inc.'s and Cascades Inc.'s
containerboard and packaging operations.
n.a.
Gallaher Thorold Paper Thorold, Ont., fine paper mill from Noranda Forest Inc. n.a.
Investing public 24.8% stake in Alberta Newsprint Co. Pending
Kruger Inc. 100% of Mississauga, Ont.-based Scott Paper Ltd. 350
Rolland Inc. Thunder Bay, Ont., employee-owned Provincial Papers Inc. 26
Spexel Inc. Beauharnois, Que., specialty paper mill from Domtar Inc. n.a.
Tembec Inc. Pine Falls, Man., newsprint mill from Pine Falls Paper Co. Ltd. $100 million in cash
and shares (pending)
Tembec Inc. 45% interest in Spruce Falls Inc. it did not already own 182
Tolko Industries Ltd. The Pas, Man., (Repap Manitoba) kraft paper and multiwall
sack mill from Repap Enterprises Inc.
147
Two Canadian banks Assumed ownership of market pulp mill Skeena Cellulose Inc. nominal
Uniforet Inc. Additional 25% stake in Trois-Rivieres, Que.-based Tripap Inc. 66
UPM-Kymmene Corp. Coated groundwood paper mill in Grand Rapids, Minn., from Fletcher Challenge 650