# Cascades to buy CDPQ's 20.2% stake in Greenpac containerboard mill in Niagara Falls

Cascades Inc. is exercising its option to buy the 20.2% interest held by CDPQ in Greenpac Holding LLC, a lightweight containerboard mill in Niagara Falls, New York, for about $93 million. The deal is expected to close January 3, 2020, raising Cascades' stake to 86.3%.

- Type: Acquisition
- Announced: 2019-12-12
- Where: Niagara Falls, New York, United States
- Value: $93.0M
- Status: announced
- Capacity: 540,000 tons per year
- Products: lightweight linerboard, containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Cascades](https://endata.com/companies/923.md) (acquirer)
- [CDPQ](https://endata.com/companies/1260.md) (partner)
- [Greenpac](https://endata.com/companies/5894.md) (target)

## Sources

- [recyclingtoday.com](https://www.recyclingtoday.com/news/cascades-acquires-interest-niagara-falls-containerboard-mill-greenpac/), 2019-12-12: "The expected purchase price is about $93 million and is expected to close Jan. 3, 2020."

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