Cascades acquires two US molded pulp plants and Falcon Packaging stake for US$37.4M

Cascades Inc. acquired assets of Urban Forest Products in Brook, Indiana and Clarion Packaging in Clarion, Iowa, plus a majority stake in Falcon Packaging, for US$37.4 million, doubling its molded pulp packaging capacity. The transaction took effect on December 6, 2018.

“La date effective de la transaction est aujourd'hui.”newswire.ca

• 3 sources
• newswire.caCascades double sa production d'emballages de pâte moulée en procédant à des acquisitions aux États-UnisDec 6, 2018
• refrigeratedfrozenfood.comCascades acquires Urban Forest Products, Clarion Packaging, doubles production of molded pulp packaging in United States | 2018-12-07 | Refrigerated & Frozen FoodsDec 7, 2018
• euwid-paper.comCascades acquires moulded pulp packaging manufacturersJan 4, 2019

Summarized from public sources; check the original articles before acting on it.