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Cascades divests share in packaging company

Cascades has sold off its 40% holding in GSD Packaging, a U.S.-based food pail manufacturing company, to Rock-Tenn …

Cascades has sold off its 40% holding in GSD Packaging, a U.S.-based food pail manufacturing company, to Rock-Tenn company.

Cascades pulled in U.S.$32 million from the transaction, money it plans to use to pay down its debt.