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Cascades agreed to sell its Flexible Packaging plant activities in Mississauga, Ontario, to Five Star Holding of Houston, Texas, for CAN$31 million, effective immediately. The 45 employees will be retained and a supply agreement covers continued film supply to Cascades.
“Cascades announces that it has reached an agreement to sell its Flexible Packaging plant activities to Five Star Holding ("Five Star") based in Houston, Texas.”cascades.com
Summarized from public sources; check the original articles before acting on it.