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Cascades goes to Memphis

Cascades Inc. acquired a tissue mill in Memphis, TN previously owned and operated by American Tissue.

Cascades Inc. acquired a tissue mill in Memphis, TN previously owned and operated by American Tissue.
The idled assets amounted to $11.5 million US and include a paper machine, converting lines and a de-inking pulp mill.
The tissue paper machine and converting lines were previously owned by a trustee on behalf of GE Commercial & Industrial Finance.
The start-up of the tissue machine will be dictated by market demand. The converting lines, which are expected to start-up gradually later this year will produce bathroom tissue and paper napkins.