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Cascades Completes Purchase Of Atlantic Packaging’s Tissue Division

KINGSEY FALLS, QUE. — Cascades Inc. has completed the acquisition of the tissue division of Atlantic Packaging Products Ltd. The estimated value of the transaction is approximately $60 million. The a…

KINGSEY FALLS, QUE. — Cascades Inc. has completed the acquisition of the tissue division of Atlantic Packaging Products Ltd. The estimated value of the transaction is approximately $60 million. The acquisition will enable Cascades to increase its annual production capacity by 55,000 short tons of recycled paper and its converting capacity by approximately 70,000 short tons, adding close to $100 million in sales per year.

According to Suzanne Blanchet, president and CEO of Cascades Tissue Group, the transaction will enable the company to further develop the Cascades Enviro100% recycled brand particularly in central and western Canada.

Founded in 1964, Cascades produces, converts, and markets packaging and tissue products composed mainly of recycled fibres.