Atlanta, GA -SP Newsprint announced that it has entered into an agreement with certain affiliates of Peter Brant, the controlling shareholder of White Birch Paper, to be acquired for $350 million. Pen…
Atlanta, GA -SP Newsprint announced that it has entered into an agreement with certain affiliates of Peter Brant, the controlling shareholder of White Birch Paper, to be acquired for $350 million. Pending the receipt of regulatory approval, the acquisition is expected to close during the first four months of 2008. Subject to obtaining certain consents, it is expected that SP Newsprint will become a subsidiary of White Birch Paper. The sale includes the compa- ny’s two newsprint mills in the US as well as SP Recycling Corp., SP Newsprint’s wholly owned recycling subsidiary.
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