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ACQUISITION: ST. LAURENT BUYS EASTERN CONTAINER

MONTREAL, QC -- St. Laurent Paperboard Inc. has announced that one of its affiliates has purchased all the assets of Massachusetts-based Eastern Container Corporation for $46.8 million (all figures US...


March 1, 1999
By Pulp & Paper Canada

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MONTREAL, QC — St. Laurent Paperboard Inc. has announced that one of its affiliates has purchased all the assets of Massachusetts-based Eastern Container Corporation for $46.8 million (all figures US dollars). In the deal, St. Laurent acquires facilities in Massachusetts, New Hampshire and Ontario. In the announcement, St. Laurent said it and an independent institutional investor will also invest $9.6 million and $10 million, respectively. As well, St. Laurent has signed a seven-year supply agreement to provide Eastern with all of its requirements of paperboard products in order to meet its production requirements.


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