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Cascades sells paper merchant division

For $85 million, Coast Paper Limited bought Cascades Resources, a division of Cascades Fine Papers Group. Cascades …

For $85 million, Coast Paper Limited bought Cascades Resources, a division of Cascades Fine Papers Group. Cascades Resources is the company’s paper merchant division. The transaction is expected to wrap up by the end of the year.

The sale is part of Cascades’ intent to consolidate its operations into the areas of packaging and tissue.