On January 27, 2006, White Birch Paper Company completed the acquisition of Quebec-based Papier Masson Ltée. White Birch acquired all of the issued and outstanding shares of Papier Masson from its shareholders for an undisclosed cash amount. BMO Nesbitt Burns Inc. acted as financial advisor to Papier Masson, and TD Securities and Credit Suisse First Boston acted as financial advisors to White Birch.
Papier Masson is a modern, fully integrated, low cost producer of high quality newsprint with annual production capacity of approximately 234,000 tonnes on one paper machine. Prior to the acquisition of Papier Masson, White Birch was one of the largest newsprint producers in North America with annual capacity of approximately 1,000,000 tonnes of newsprint and directory paper and 43,000 tonnes of paperboard. With the acquisition of Papier Masson, White Birch becomes the third largest producer of newsprint in North America.
White Birch was represented by Cahill Gordon & Reindel LLP with an acquisition team led by Chris Cox, Leslie Duffy and Norm Cappell, and a banking team led by Darren Silver and Ryan Sullivan. Ogilvy Renault LLP represented White Birch in Canada with a team led by Norm Steinberg, Steve Malas and Annie Gauthier (M&A), Adrienne Oliver and Barry Segal (tax), Dany Assaf and Colin Sam (competition) and Éric Dunberry (energy) in connection with the acquisition, and Jean Piette (environment), Martin Rochette (pension) and Steve Malas, Jane Bogaty and Guillaume Beaupré (banking) in connection with the financing.
The shareholders of Papier Masson were represented by Stikeman Elliott LLP with a team led by Samantha Horn, Sarah Landry Maltais, Andrés Durán, Elizabeth Pillon, Randal Palach and Debbie Salzberger in Toronto and Howard Rosenoff in Montreal.
Papier Masson is a modern, fully integrated, low cost producer of high quality newsprint with annual production capacity of approximately 234,000 tonnes on one paper machine. Prior to the acquisition of Papier Masson, White Birch was one of the largest newsprint producers in North America with annual capacity of approximately 1,000,000 tonnes of newsprint and directory paper and 43,000 tonnes of paperboard. With the acquisition of Papier Masson, White Birch becomes the third largest producer of newsprint in North America.
White Birch was represented by Cahill Gordon & Reindel LLP with an acquisition team led by Chris Cox, Leslie Duffy and Norm Cappell, and a banking team led by Darren Silver and Ryan Sullivan. Ogilvy Renault LLP represented White Birch in Canada with a team led by Norm Steinberg, Steve Malas and Annie Gauthier (M&A), Adrienne Oliver and Barry Segal (tax), Dany Assaf and Colin Sam (competition) and Éric Dunberry (energy) in connection with the acquisition, and Jean Piette (environment), Martin Rochette (pension) and Steve Malas, Jane Bogaty and Guillaume Beaupré (banking) in connection with the financing.
The shareholders of Papier Masson were represented by Stikeman Elliott LLP with a team led by Samantha Horn, Sarah Landry Maltais, Andrés Durán, Elizabeth Pillon, Randal Palach and Debbie Salzberger in Toronto and Howard Rosenoff in Montreal.
