Industry Canada

Industry Canada

July 13, 2012 18:05 ET

Minister Paradis Approves BD White Birch Investment LLC Acquisition of White Birch Paper Company

OTTAWA, ONTARIO--(Marketwire - July 13, 2012) - The Honourable Christian Paradis, Minister of Industry, today made the following statement regarding the acquisition of the Canadian business carried on by White Birch Paper Company by BD White Birch Investment LLC:

"I can confirm that I have approved BD White Birch Investment LLC's application under the Investment Canada Act to acquire control of White Birch Paper Company.

"I am also pleased that the Stadacona mill is reopening, with the support of the Quebec government. This is good news for the mill's employees, the industry and the region's economy.

"The approval of this transaction demonstrates that our investment policies are working, helping to create jobs and economic growth."

Contact Information

  • Margaux Stastny
    Director of Communications
    Office of the Honourable Christian Paradis
    Minister of Industry
    613-995-9001

    Media Relations
    Industry Canada
    613-943-2502