White Birch Paper has bought the fourth largest newsprint producer, SP Newsprint, for $350million in cash. White Birch is now the second largest newsprint North American producer with AbitibiBowater as #1. (FYI. #2 largest in world is Norske Skog out of Norway). This acquisition increases White Birch capacity to 2.1 million tons or 18% of USA market share. The market leader, AbitibiBowater, has 47%, and #3 is Kruger with 10%. The top 3 North American producers have 75% of the domestic market share.
Note on Newsprint market: AbitibiBowater announced another $60/ton price hike increase for the second quarter. Just like the $60/ton increase for the first quarter
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