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36:
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312:, 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 was also one of the largest recyclers of newspapers and magazines, serving 21 metropolitan areas in North America and the United Kingdom.
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companies, whose founder, Roy Hill, had been a member of the
Abitibi board of directors and had died in 1978. With the purchase of Hilroy, Abitibi-Price became the premiere vertically-integrated supplier of office stationery in the Canadian market. The collapse of Olympia and York in 1992 resulted in
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to reflect the power generation business it created through the need to build a dam 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
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and whose vast forestry business dated back to the
William Price Company established in Quebec City 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
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A network of 19 paper mills, 20 sawmills, 4 remanufacturing facilities and 2 engineered wood facilities, located in Canada, the United States and the United
Kingdom, supplied publishers, printers, building products distributors and housing manufacturers in over 70 countries. It had approximately
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as (Sir) William Price III took control of the family firm. After Sir
William's death in 1924, his sons John Herbert and Arthur Clifford Price assumed control. In the 1930s the Price family lost control and the firm was sold. Price Brothers and Company was renamed Price Limited in 1966 and was
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was held to enquire into the company's affairs, with its report issued in March 1941. 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
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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 newsprint business but the
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In addition, the
Company had significant hydroelectric generating assets in eastern Canada, which provided a cost advantage for the associated production facilities and was an extension into the energy sector.
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499:. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world. Following the merger, Abitibi-Consolidated was rated B1, B+ and B+ by
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acquired control of Power
Corporation in 1968, the two companies were merged to become Consolidated-Bathurst Inc., which, in 1989, was sold to
288:. Abitibi-Consolidated was formed from the merger of Abitibi-Price Inc. and Stone Consolidated Corp. on May 29, 1997; the Company merged with
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industrial boom and in 1965 changed its name to the
Abitibi Paper Company Ltd. In 1974, Abitibi purchased a controlling interest in the
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the consortium of banks being forced to take control of Abitibi-Price Inc. for a short time until they sold it through a
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In 2000, Abitibi-Consolidated acquired a majority shareholding in Canadian integrated forest products company
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in 1974. When Abitibi-Price became Abitibi-Consolidated in 1997, the Price name finally disappeared.
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604:"Report of Royal Commission inquiring into the affairs of Abitibi Power and Paper Company Limited"
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464:. In the early 1960s, Power Corporation bought the Consolidated Paper Company. When
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in 1994. The share issue also entailed the divestment and sale of Hilroy to the
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forced the company to file for bankruptcy protection on September 10, 1932. A
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559:"Western Libraries - Historical Annual Reports - OP | Western Libraries"
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in 1914. Majority control of the company was obtained in the late 1930s by
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and Abitibi-Consolidated announced they would be merging to create
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of Chicago, Illinois who renamed it Stone Consolidated Inc.
388:. The following February, the company name was changed to
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Justice Charles P. McTague; Sir James Dunn (March 1941).
177:, Uncoated Groundwood, Wood Products, Recycling Services
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Abitibi Pulp and Paper Co. Ltd. was founded in 1912 at
664:"Abitibi, Bowater merging to create forestry giant"
364:acquired by Abitibi Power and Paper Co. and became
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639:"Abitibi-Consolidated, Donohue to Merge"
539:. University of Toronto/Université Laval
419:. In 1982, Abitibi-Price bought out the
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344:. Following the death of Price Sr sons
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410:which had extensive operations in the
16:Former Canadian pulp and paper company
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408:Price Brothers & Company Limited
330:Price Brothers & Company Limited
107:; bought by Resolute Forest Products
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720:Pulp and paper companies of Canada
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354:Price Brothers and Company Limited
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417:Olympia and York Developments Ltd
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725:Defunct pulp and paper companies
537:Dictionary of Canadian Biography
533:"Biography – PRICE, Sir WILLIAM"
442:Bathurst Power and Paper Company
390:Abitibi Power and Paper Co. Ltd.
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352:took over and the firm became
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62:Pulp and paper, wood products
561:. Lib.uwo.ca. Archived from
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730:Companies based in Montreal
470:Stone Container Corporation
462:Power Corporation of Canada
359:In 1910 the company became
255:www.abitibiconsolidated.com
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627:hilroy.ca: "About Hilroy"
274:Abitibi Consolidated Inc.
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164:Jacques Bougie (Chairman)
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29:Abitibi Consolidated Inc.
72:Stone Consolidated Corp.
23:Abitibi (disambiguation)
735:Multinational companies
589:March 20, 2005, at the
446:Bathurst, New Brunswick
378:Iroquois Falls, Ontario
332:was a lumber firm from
266:Abitibi Recycling bin,
698:June 21, 2008, at the
361:Price Brothers Limited
278:pulp and paper company
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83:, Quebec, Canada (1997
531:Benoit, Jean (2005).
505:Standard & Poor's
491:On January 29, 2007,
444:Ltd. built a mill in
338:William Price Company
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268:New Boston, Michigan
166:Pierre Rougeau (CFO)
162:John W. Weaver (CEO)
21:For other uses, see
565:on November 3, 2013
487:Merger with Bowater
454:Peter A. T. Thomson
336:founded in 1820 as
308:A global leader in
242:Number of employees
124:AbitibiBowater Inc.
30:
670:. January 30, 2007
426:public share issue
412:Province of Quebec
386:Frank Harris Anson
346:William Evan Price
305:12,500 employees.
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70:Abitibi-Price Inc.
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450:Arthur J. Nesbitt
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232:$ 350.00 million
211:$ 276.00 million
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693:Company web site
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452:and his partner
430:Mead Corporation
399:Royal commission
395:Great Depression
350:Evans John Price
292:in 2007 to form
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201:Operating income
190:$ 5.342 billion
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46:Public company (
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497:AbitibiBowater
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466:Paul Desmarais
456:through their
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382:Abitibi River
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672:. Retrieved
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607:. Retrieved
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567:. Retrieved
563:the original
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541:. Retrieved
536:
490:
482:Donohue Inc.
479:
476:Acquisitions
439:
436:Consolidated
404:World War II
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130:Headquarters
43:Company type
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148:Area served
67:Predecessor
714:Categories
515:References
300:Operations
222:Net income
158:Key people
674:April 16,
310:newsprint
280:based in
175:Newsprint
152:Worldwide
120:Successor
696:Archived
668:CBC News
648:April 2,
609:March 3,
587:Archived
569:March 3,
543:March 3,
282:Montreal
171:Products
137:, Quebec
135:Montreal
81:Montreal
59:Industry
501:Moody's
493:Bowater
380:on the
372:Abitibi
320:History
290:Bowater
251:Website
182:Revenue
101: (
96:Defunct
85: (
77:Founded
50:: A), (
421:Hilroy
334:Quebec
286:Quebec
236:(2005)
215:(2005)
194:(2005)
141:Canada
115:Merged
54:: ABY)
402:post-
676:2009
650:2020
611:2014
584:Dams
571:2014
545:2014
507:and
440:The
348:and
112:Fate
103:2007
99:2007
87:1997
52:NYSE
384:by
340:by
234:CAD
213:CAD
192:CAD
48:TSX
716::
666:.
641:.
619:^
535:.
523:^
503:,
460:,
432:.
356:.
296:.
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25:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
