# Cascades buys four Ontario containerboard packaging plants from Coyle family

Cascades is acquiring four containerboard packaging plants in Ontario from the Coyle family, adding about 500 million square feet of annual capacity. The total cost of the transaction, including its Greenpac and Tencorr stakes, is C$49 million.

- Type: Acquisition
- Announced: 2017-12-04
- Where: Ontario, Canada
- Value: $36.0M (49.0M CAD)
- Status: announced
- Capacity: 500 million square feet per year additional
- Products: corrugated boxes, specialty packaging, sheet stock
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Cascades](https://endata.com/companies/923.md) (acquirer)
- [Greenpac Mill](https://endata.com/companies/2356.md) (partner)
- [Coyle family](https://endata.com/companies/2499.md) (partner)
- [Tencorr Holdings Corporation](https://endata.com/companies/2500.md) (target)
- [Coyle family plants](https://endata.com/companies/2583.md) (partner)

## Sources

- [pulpandpapercanada.com](https://www.pulpandpapercanada.com/cascades-acquires-four-ontario-containerboard-packaging-plants-1100000899/), 2017-12-04: "The total cost of the transaction amounts to $49 million, of which $21 million is related to the increased stake in Greenpac and its new position in Tencorr."
- [globalpapermoney.com](https://www.globalpapermoney.com/cascades-acquires-containerboard-packaging-plants-cms-9940), 2017-12-19: "The total cost of the transaction amounts to $49 million, of which $21 million is related to the increased stake in Greenpac and its new position in Tencorr."

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