# 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.

- Type: Acquisition
- Announced: 2018-12-06
- Where: Brook, Indiana and Clarion, Iowa, United States
- Value: $37.4M
- Status: completed
- Capacity: doubles molded pulp packaging production
- Products: molded pulp protective packaging, egg packaging, foodservice packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Cascades](https://endata.com/companies/923.md) (acquirer)
- [Urban Forest Products](https://endata.com/companies/4281.md) (target)
- [Clarion Packaging](https://endata.com/companies/4282.md) (target)
- [Falcon Packaging](https://endata.com/companies/4283.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/cascades-double-sa-production-demballages-de-pate-moulee-en-procedant-a-des-acquisitions-aux-etats-unis-702049591.html), 2018-12-06: "La date effective de la transaction est aujourd'hui."
- [refrigeratedfrozenfood.com](https://www.refrigeratedfrozenfood.com/articles/96110-cascades-acquires-urban-forest-products-clarion-packaging-doubles-production-of-molded-pulp-packaging-in-united-states), 2018-12-07: "The value of this transaction is in line with current Cascades trading multiple and will be accretive to net earnings"
- [euwid-paper.com](https://www.euwid-paper.com/news/markets/cascades-acquires-moulded-pulp-packaging-manufacturers/), 2019-01-04: "The total cost of the transaction amounts to $37.4m, according to a company release."

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