Our Investments


Alberta Newsprint Company

Alberta Newsprint Company (ANC) is an unincorporated joint venture owned equally by Whitecourt Newsprint Company Limited Partnership (whose general partner is a Stern Partners company) and West Fraser Mills Ltd.   Ronald N. Stern was instrumental in the development and start-up of ANC, a $400 million greenfield project completed in 1990. The ANC mill is among the lowest cost and highest quality newsprint and high bright paper manufacturers in North America.

Associated with its newsprint operations, ANC Power has recently commissioned a stand-alone, gas-fired reciprocating engine power plant capable of providing approximately 65MW of electrical power for use by the newsprint mill or for export to the Alberta power grid. The power plant will operate as a ‘peaker’ plant, being taken on-line or off as warranted by fluctuations in market power prices.

In 2013, ANC Transloading Inc. located at the ANC mill site, commenced operations with two transload facilities that provide rail access for inbound and outbound materials in West Central Alberta. The new Marsh Head transload facility, which is now under development, complements the current ANC Transloading operations adjacent to the mill in Whitecourt.


Western Glove Works

Founded in 1921, Western Glove Works is one of Canada’s largest suppliers of jeans and casual wear. Robert Silver, Michael Silver, and Stern Partners and others have been partners in Western Glove for over 34 years. Headquartered in Winnipeg, Manitoba, Western Glove designs, produces and markets its own lines of jeans carrying the “Silver Jeans”, “JAG” and “Christopher Blue” labels in Canada, the United States and Europe.

“Other companies sell jeans, make jeans or market them but we think creating jeans is a craft.” – Michael Silver, President Silver Jeans

PHP Logo 2

Port Hawkesbury Paper Limited Partnership

Port Hawkesbury Paper mill, located in Cape Breton, Nova Scotia, produces high quality supercalendered (SC) paper for use in retail inserts, magazines and catalogs. Modern equipment, in combination with effective management and a highly skilled workforce, make the mill one of the premier paper manufacturers in the world. In addition to its SC machine, the mill has three thermomechanical pulp (TMP) lines. The paper mill was purchased, completely restructured through the Companies’ Creditors Arrangement Act under a new business plan, and resumed production in 2012.


TerraLink Horticulture Inc.

TerraLink Horticulture Inc. is a leading manufacturer and distributor of crop input products for professional growers of specialty crops in Western Canada. Primary product lines include fertilizer, crop protection, forage and turf seeds, greenhouse vegetable seed, agricultural use plastics, as well as other supplies used by commercial growers.

Products are distributed directly and through a distribution network of dealers and agents. A team of qualified agronomists and service representatives provide customer support and along with soil and tissue testing, provide custom fertilizer recommendations, crop protection and information on the use of the products.

TerraLink also has a retail home and garden line, Garden Pro, that is sold exclusively through garden centers.

The main office and fertilizer blending plant is located in Abbotsford, British Columbia with distribution outlets in Delta, British Columbia and Calgary, Alberta.