Cascades buys Rittman assets
August 7, 2006 By Pulp & Paper Canada
For $0.5 million U.S., Cascades bought up assets from the Rittman coated recycled board mill from Caraustar Industr…
For $0.5 million U.S., Cascades bought up assets from the Rittman coated recycled board mill from Caraustar Industries. The purchase is part of the option Cascades acquired on April 21, 2006, when it purchased the Sprague coated recycled board mill, also from Caraustar.
“We will service Rittman’s customers from our newly acquired and existing facilities, which will enable us to improve the capacity utilization rate and the profitability at these mills,” president and CEO Eric LaFlamme said of the purchase.
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