Loading…
Cascades invested $6.9 million in its Kingsey Falls, Quebec uncoated recycled boxboard plant to raise production capacity and quality, installing new quality control equipment.
Cascades has invested $6.9 million in its Kingsey Falls, Quebec uncoated recycled boxboard plant to increase equipment production capacity and improve sheet quality for food packaging.
Cascades agreed to sell its Flexible Packaging plant activities in Mississauga, Ontario, to Five Star Holding of Houston, Texas, for CAN$31 million, effective immediately. The 45 employees will be retained and a supply agreement covers continued film supply to Cascades.
Cascades converted the former Bear Island paper mill in Hanover County, Virginia into a recycled linerboard facility, announced in October 2020 with a $380 million investment. The first roll of containerboard was produced in May 2023.
Cascades announced the permanent shutdown of paper machine number 2 at its Niagara Falls, New York mill, which had been temporarily shut down since November 2022.
Cascades began production at its converted Bear Island, Virginia mill, which has annual capacity of 465,000 short tons of 100% recycled containerboard and 180 permanent jobs.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.
Funds managed by Apollo Global Management will buy about 67% of Italy's Reno De Medici from Cascades and CDPQ at EUR 1.45 per share, totaling EUR 365 million, then launch an offer to delist the cardboard maker.
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%.
Cascades, a Canadian packaging and tissue manufacturer, has become an official member of Amazon's Packaging Support and Supplier (APASS) network, offering Amazon packaging testing and certification services from its R&D Centre in Kingsey Falls, Quebec.
Cascades Sonoco inaugurated its expanded Birmingham, Alabama facility and a new production line for water-based coated paperboard. The US$17 million investment has capacity of 50,000 tonnes per year.
Cascades invited media to the official inauguration of its packaging plant in Piscataway, New Jersey, a US$76 million investment, scheduled for April 18, 2019.
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.
Cascades plans to convert the Bear Island paper machine in Virginia to produce recycled lightweight linerboard and medium, with an estimated investment of US$275 to US$300 million and production expected from 2021.
Cascades announced the acquisition of the Bear Island manufacturing facility in Virginia from White Birch for US$34.2 million cash. The site's newsprint machine will later be converted to recycled containerboard production.
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.
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.
Cascades Inc. acquired four Ontario plants from the Coyle family: McLeish Corr-a-Box, Brown Packaging, Coyle Corrugated Containers and Coyle Packaging. Consideration was CAD 28 million including CAD 4 million assumed debt, completed on 4 December 2017.
Cascades officially inaugurated its expanded corrugated packaging plant in Drummondville, Quebec, a CAD 26.4 million investment that added 45,000 sq ft and a new fast corrugator, now fully ramped up.
Cascades Inc. announced an investment of USD 80 million to build a new containerboard packaging plant in Piscataway, New Jersey, creating 120 jobs. Operations are due to begin in the second quarter of 2018 with annual capacity of 2.4 billion square feet.
Cascades Inc. announced an US$80 million investment for a new 400,000 sq. ft. containerboard packaging plant in Piscataway, New Jersey, creating 120 jobs. Operations are expected to begin in Q2 2018.
A Cascades and Sonoco joint venture plans to invest $16 million to expand its Birmingham, Alabama plant for a new line of recyclable take-out containers. The line is expected to start up by mid-2018; the announcement is dated 2017-02-24.
Cascades will invest CAD 6.1 million and the Quebec government CAD 5.2 million in two energy efficiency projects at its Cabano containerboard plant, modifying residual biomass boilers to reduce heavy-fuel oil use.
