Cascades Becomes Majority Shareholder of Texas Tissue Converting Plant

Cascades Inc., Kingsey Falls, Que., Canada, has taken a majority position in Longhorn Paper Converting, a tissue converting plant in Grand Prairie, Texas, USA. Terms and conditions of the transaction were not disclosed. 

While recent investments have consolidated Cascades' presence on the American west coast, this latest initiative will expand its coverage of the U.S. even further. Due to its strategic location, this converting plant will foster synergies and enhance Cascades' integration rate in the region by converting parent rolls manufactured in other Cascades plants. 

"This heightened presence in south-central U.S. is a concrete example of our company's desire to serve its customers coast-to-coast," said Mario Plourde, president and CEO of Cascades. "This initiative, which is part of our strategic development plan, will allow us to continue to grow in a region that offers potential for this core segment of our business." 

"This investment has widened our presence in the U.S. and will allow us to take another important step toward achieving our objective of expanding into key markets in the southern and western U.S. It will also enable us to provide even greater quality and flexibility to our American customers. Moreover, Longhorn Paper Converting offers us medium-term growth opportunities," Jean Jobin, president and COO of Cascades Tissue Group, noted.

 

Founded in 1964, Cascades Tissue Group, a division of Cascades Canada ULC, is the fourth largest tissue paper manufacturer in North America. The company produces, converts, and markets packaging and tissue products that are composed mainly of recycled fibers. The company has 11,000 employees, who work in close to 90 production units located in North America and Europe.