Graphic Packaging to acquire Cascades' North American boxboard manufacturing, converting operations
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Graphic Packaging to acquire Cascades' North American boxboard manufacturing, converting operations
Quebec, Canada-based Cascades, Inc., will sell its North American boxboard manufacturing and converting assets to Graphic Packaging Holding Company for CAN$44.9 million. The Cascades boxboard units affected by the transaction are:
- East Angus , Québec, a mill that manufactures recycled, coated boxboard for the production of folding cartons. Founded in 1910, it was purchased by Cascades in 1983.
- Jonquière, Québec, a mill that manufactures three-ply coated boxboard from virgin or recycled fiber. Founded in 1963, it was acquired by Cascades in 1984.
- Winnipeg, Manitoba , a plant that manufactures folding cartons. Founded in 1905, it was acquired by Cascades in 2001.
- Mississauga, Ontario, a plant that manufactures high-quality graphic packaging. Founded in 1986, it was purchased by Cascades in 1992.
- Cobourg, Ontario, a plant that manufactures high-quality, flexographic boxboard containers. It was built by Cascades in 1993.
Source: www.convertingquarterly.com
