Abitibi-Consolidated Inc.

Industry: Paper

Originally, Abitibi-Consolidated was formed by the merger of Abitibi-Price and Stone-Consolidated on May 29th, 1997. Both companies were premier, Canadian-based, forest product companies. Both were looking for an opportunity to become a global company. Both found an equal partner with which to grow. The deal was approved by over 99% of the companies' shareholders, creating the world's largest producer of newsprint and uncoated groundwood paper. In 1998, Abitibi-Consolidated formed a joint-venture partnership with Norske Skog of Norway and Hansol Paper Co. of South Korea. The resulting partnership is the world's leading newsprint and groundwood paper company in the Asian-Pacific ( www.abitibiconsolidated.com )

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