# Cascades raises Greenpac stake to 66.1% and buys Tencorr stake

Cascades increased its holding in Greenpac Mill from 62.5% to 66.1% by acquiring an additional interest in Containerboard Partners. It also bought the Coyle family's 33% stake in Tencorr Holdings, a sheet stock maker for box producers, for a combined cost of about $21 million.

- Type: Acquisition
- Announced: 2017-12-04
- Where: United States
- Value: $16.1M (21.0M CAD)
- Status: completed
- Products: containerboard, sheet stock
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Cascades](https://endata.com/companies/923.md) (acquirer)
- [Greenpac Mill](https://endata.com/companies/2356.md) (target)
- [Tencorr Holdings Corporation](https://endata.com/companies/2500.md) (target)
- [Containerboard Partners](https://endata.com/companies/2501.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/cascades-acquires-containerboard-packaging-plants-in-ontario-and-increases-its-ownership-in-greenpac-661807453.html), 2017-12-04: "thus increasing its holdings in Greenpac to 66.1% from 62.5%"
- [pulpandpapercanada.com](https://www.pulpandpapercanada.com/cascades-acquires-four-ontario-containerboard-packaging-plants-1100000899/), 2017-12-04: "increasing its holdings in Greenpac to 66.1 per cent from 62.5 per cent"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.