After changing hands several times over the course of a century, Smurfit-Stone closed the mill located in East Bathurst in 2006, and sold the site to a redevelopment firm.
[2] Angus L. McLean joined the firm in 1915, and brought with him the rights for timber on the Gaspé, Quebec side of Chaleur Bay.
[3][4] He would eventually become the General Manager and public persona of the firm; about 1925 he erected a "palatial home", that in 1938 was purchased by the new See of Bathurst.
[2] The firm soon began construction of a groundwood mill and the installation of a fourdrinier machine which in 1923 produced New Brunswick's first newsprint.
[2][7] The hydroelectric power dam at Nepisiguit Grand Falls was completed in 1926 at a cost to the private owners of over $3 million.
[8] About the end of 1927, control of the firm passed to the Newsprint Bond and Share Corporation and in 1928 the Bathurst Power and Paper Company was formed by them.
[9] Sir James Dunn filed suit with Angus McLean over stock options in the firm that he claimed he had been denied.
This product is manufactured from hardwoods by means of a continuous semi-chemical process, and allowed the firm to utilize a greater fraction of the timber; in other words, less waste was generated by its activities.
[2] In the early 1950s, control of the hydroelectric plant at Grand Falls was ceded by the BPPC to a provincial Crown corporation which was named at the time the New Brunswick Electric Power Commission.
The chairman, president and CEO of Smurfit-Stone, Patrick J. Moore, stated:[12] We are in a mature industry that [recently] has struggled to achieve adequate returns.