Cascades buys into Texas tissue plant
By Cindy Macdonald
Cascades has taken a majority interest in Longhorn Paper Converting, a tissue converting plant in Grand Prairie, Texas.
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. Owing to its strategic location, the company says 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,” commented Mario Plourde, president and CEO.
“This investment has widened our presence in the US and will allow us to take another important step toward achieving our objective of expanding into key markets in the southern and western United States. 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,” underscored Jean Jobin, president and chief operating officer of Cascades Tissue Group.
The terms and conditions of the transaction have not been disclosed.
Headquartered in Quebec, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The company has close to 90 production units located in North America and Europe.