Ottawa, 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."
For further information (media only), please contact:
Margaux Stastny
Director of Communications
Office of the Honourable Christian Paradis
Minister of Industry
613-995-9001
Media Relations
Industry Canada
613-943-2502
