Cascades Completes Sale of North American Boxboard Operations
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Cascades Inc., Kingsey Falls, Que., Canada, a producer of green packaging and tissue paper products, has confirmed completion of the transaction announced Dec. 11, 2014—the sale of its North American boxboard manufacturing and converting assets to Graphic Packaging Holding Co.
Included in the C$44.9 million transaction are the Cascades Boxboard units in East Angus, Que., Jonquière, Que., Winnipeg, Man., Mississauga, Ont., and Cobourg, Ont. This move, which reflects Cascades' intention to refocus its activities on the strategic sectors in which it excels, does not affect the company's European-based boxboard operations.
The company thanks its employees once again for their loyal services and wishes them all the best for the future.
