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Abitibi Consolidated Inc. was a Canadian pulp and paper company
Pulp and paper industry in Canada

The pulp and paper industry is one of the most important in Canada. It is especially concentrated in British Columbia and Quebec but plays an important role in many other provinces....
 based in Montreal, Quebec. The network of 19 paper mills, 20 sawmills, 4 remanufacturing facilities and 2 engineered wood facilities, located in Canada
Canada

Canada is a country occupying most of northern North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean....
, the United States and the United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 supplies publishers, printers, building products distributors and housing manufacturers in over 70 countries. It has approximately 12,500 employees.

A global leader in newsprint
Newsprint

Newsprint is low-cost, Preservation paper most commonly used to print newspapers, plus other publications and advertising material. It usually has an off-white cast and distinctive feel....
, commercial printing papers and wood products, the Company saw combined revenues of $4.85 billion in 2006.






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Abitibi Consolidated Inc. was a Canadian pulp and paper company
Pulp and paper industry in Canada

The pulp and paper industry is one of the most important in Canada. It is especially concentrated in British Columbia and Quebec but plays an important role in many other provinces....
 based in Montreal, Quebec. The network of 19 paper mills, 20 sawmills, 4 remanufacturing facilities and 2 engineered wood facilities, located in Canada
Canada

Canada is a country occupying most of northern North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean....
, the United States and the United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
 supplies publishers, printers, building products distributors and housing manufacturers in over 70 countries. It has approximately 12,500 employees.

A global leader in newsprint
Newsprint

Newsprint is low-cost, Preservation paper most commonly used to print newspapers, plus other publications and advertising material. It usually has an off-white cast and distinctive feel....
, commercial printing papers and wood products, the Company saw combined revenues of $4.85 billion in 2006. Number one in Canada in terms of total certified woodlands, Abitibi-Consolidated is also one of the largest recyclers of newspaper
Newspaper

A newspaper is a publication containing news, information and advertising, usually printed on low-cost paper called newsprint. General-interest newspapers often feature articles on Politics, crime, business, art/entertainment, society and sports....
s and magazine
Magazine

for quarterly in Heraldry see Quartering Magazines, periodicals, glossies or serials are publications, generally published on a regular schedule, containing a variety of Article , generally financed by advertising, by a purchase price, by pre-paid magazine subscription, or all three....
s, serving 21 metropolitan areas in North America
North America

North America is the northern continent of the Americas, situated in the Earth's northern hemisphere and almost totally in the western hemisphere....
 and the United Kingdom.

In addition, the Company has significant hydroelectric generating assets in eastern Canada, which provide a cost advantage for the associated production facilities and represent an attractive vehicle for future growth in the energy sector.

Merger with Bowater


On January 29, 2007, Bowater
Bowater

Bowater was an American pulp and paper industry based in Greenville, South Carolina. Bowater has 12 pulp and paper mills in the United States, Canada and South Korea and 13 North American sawmills....
 and Abitibi-Consolidated announced they would be merging to create AbitibiBowater
AbitibiBowater

On Monday January 29, 2007, Bowater and Abitibi-Consolidated announced they would be merging to create AbitibiBowater Inc. . A website has been setup to convey information to employees, and shareholders....
 The merger would created the third largest pulp and paper company in North America, and the eighth largest in the world. Following the merger, Abitibi-Consolidated is rated B1, B+ and B+ by Moodys, Standard and Poors and Fitch Ratings respectively.

Forerunner companies:


Abitibi:

Abitibi Pulp and Paper Co. Ltd. : founded in 1912 at Iroquois Falls, Ontario
Iroquois Falls, Ontario

Iroquois Falls is a small town in Northern Ontario Ontario, Canada with a population of 4,729 in the Canada 2006 Census.The town lies just off of Highway 11 on the banks the Abitibi River, west of Lake Abitibi....
 on the Abitibi River
Abitibi River

The Abitibi River is a river in northeastern Ontario, Canada, which flows northwest from Lake Abitibi to join the Moose River which empties into James Bay....
 by Frank Harris Anson. The following February, the company name was changed to Abitibi Power and Paper Co. Ltd. to reflect the power generation business it created through the need to build a dam
Dam

A dam is a barrier that Reservoirs surface water or underground streams. Dams generally serve the primary purpose of retaining water, while other structures such as floodgates, levees, and Dike are used to manage or prevent water flow into specific land regions....
 to generate electricity for its mill. The company expanded to other locations in Ontario where it also built dams and operated hydro electric power stations. Wherever the company built a mill, a new town sprang up around it and it even built radio stations such as CFCH in Iroquois Falls to serve these remote new communities. The company acquired other small lumber operations and grew to become a major force in the North American
North America

North America is the northern continent of the Americas, situated in the Earth's northern hemisphere and almost totally in the western hemisphere....
 newsprint business but the Great Depression
Great Depression

File:International depression.pngThe Great Depression was a worldwide economic Recession starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries....
 forced the company to file for bankruptcy protection on September 10, 1932. It remained under the control of the Court-appointed Receiver until 1946, the longest such receivership in Canadian history. Emerging from bankruptcy, the company prospered in the post-World War II
World War II

World War II, or the Second World War , was a global military conflict which involved a Participants in World War II, including all of the great powers, organised into two opposing military alliances: the Allies of World War II and the Axis powers....
 industrial boom and in 1965 changed its name to the Abitibi Paper Company Ltd. In 1974, Abitibi purchased a controlling interest in the Price Brothers & Company Limited which had extensive operations in the Province of Quebec and whose vast forestry business dated back to the William Price Company established in Montreal in 1820. The merger of Abitibi and the Price Brothers made it the world's biggest newsprint producer. In 1979, the corporate name was changed to Abitibi-Price Inc. and in 1981 it was taken over by Olympia and York Developments Ltd
Olympia and York

Olympia & York was once a major international property development firm based in Canada. The firm helped build major financial office complexes like Canary Wharf in London , the World Financial Center in New York City and First Canadian Place in Toronto....
. The collapse of Olympia and York in 1992 resulted in the consortium of banks being forced to take control of Abitibi-Price Inc. for a short time until they sold it through a public share issue
Public company

A public company usually refers to a company that is permitted to offer its registered Security for sale to the general public, typically through a stock exchange, but also may include companies whose stock is traded Over-the-counter via market makers who use non-exchange quotation services such as the OTCBB and the Pink Sheets....
 in 1994.

Consolidated:

The Bathurst Power and Paper Company Ltd. built a mill in Bathurst, New Brunswick
Bathurst, New Brunswick

Bathurst is a Canada city in Gloucester County, New Brunswick, New Brunswick.Bathurst is situated on Bathurst Harbour, an estuary at the mouth of the Nepisiguit River at the southernmost part of Chaleur Bay....
 in 1914. Majority control of the company was obtained in the late 1930s by Arthur J. Nesbitt
Arthur James Nesbitt

Arthur James Nesbitt was a Canada businessman and philanthropist who was a cofounder of Nesbitt, Thomson and Company stockbrokerage and the Power Corporation of Canada....
 and his partner Peter A. T. Thomson through their holding company
Holding company

A holding company is a company that owns other companies' outstanding stock stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies....
, Power Corporation of Canada
Power Corporation of Canada

Power Corporation of Canada is a major Canada company with assets in North America and Europe in a number of industries. These industries include mass media, pulp and paper, and financial services....
. In the early 1960s, Power Corporation bought the Consolidated Paper Company. When Paul Desmarais
Paul Desmarais

Paul Desmarais, Sr., Queen's Privy Council for Canada, Order of Canada is a Canada financier in Montreal and one of the ten List of wealthy Canadians ....
 acquired control of Power Corporation in 1968, the two companies were merged to become Consolidated-Bathurst Inc. In 1989, the company was sold to Stone Container Corporation of Chicago, Illinois who renamed it Stone Consolidated Inc.

Abitibi-Consolidated was formed from the merger between Abitibi-Price Inc. and Stone-Consolidated on May 29th, 1997. In 2000, Abitibi-Consolidated acquired a majority shareholding in Canadian integrated forest products company Donohue Inc.

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