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St. Laurent Paperboard Inc.: Superior Court of Quebec Grants Approval of Smurfit-Stone Container Corporation and St. Laurent Paperboard Inc. Arrangement.


Business Editors

MONTREAL--(BUSINESS WIRE)--May 30, 2000

St. Laurent Paperboard Inc. ("St. Laurent") (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:SPI.)(NYSE NYSE

See: New York Stock Exchange
:SLW) Montreal, Quebec, announced today that the Superior Court of Quebec The Court of Quebec is the Provincial Court of the Canadian province of Quebec.

The Court is divided into the following areas:

The Civil Division The Criminal and Penal Division The Youth Division External links
  • Court of Quebec website
 has granted final approval of the plan of arrangement involving Smurfit-Stone Container Corporation ("Smurfit-Stone"), Chicago, Illinois, (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: SSCC) and St. Laurent.

The arrangement is expected to be completed on or about May 31, 2000 and is subject to customary closing conditions.

St. Laurent is a major North American producer, supplier and converter of high-quality, value-added paperboard substrates and packaging solutions, with more than 4,500 employees serving a diverse customer base in North America and selected international markets.

St. Laurent owns four primary mills, located in La Tuque and Matane, Quebec; in Thunder Bay, Ontario; as well as in West Point, Virginia This article is about a town in Virginia. For the United States Military Academy, see West Point, New York

West Point is an incorporated town in King William County, Virginia, United States. The population was 2,867 at the 2000 census.
, with an aggregated annual paperboard production capacity of approximately 1.5 million short tons. It also owns seventeen packaging facilities located in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy.  as well as 920,000 acres of forest land, the largest freehold in Quebec.

The combination of the two companies consolidates Smurfit-Stone's position as one of the world's largest producers of containerboard, corrugated cor·ru·gate  
v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates

v.tr.
To shape into folds or parallel and alternating ridges and grooves.

v.intr.
 containers, folding cartons, bags and specialty packaging.

Smurfit-Stone, which was created by the November 1998 merger of Jefferson Smurfit Corporation and Stone Container Corporation, is the industry's leading manufacturer of paperboard-based packaging, including containerboard, corrugated container, industrial bags and claycoated recycled boxboard; and is the world's largest paper recycler. In addition, Smurfit-Stone is a leading producer of solid bleached sulfate, folding cartons, paper tubes and cores, and labels. Net sales in 1999 were US$7.2 billion. Smurfit-Stone employs approximately 35,000 employees and operates about 300 facilities worldwide.
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Publication:Business Wire
Date:May 30, 2000
Words:279
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