Cascades Inc. (TSX: CAS), a leader in the recovery of recyclable materials and the manufacture of green packaging and tissue paper products, confirmed completion of the transaction announced on December 11, 2014: the sale of its North American boxboard manufacturing and converting assets to Graphic Packaging Holding Company.
Included in the C$44.9-million transaction are the Cascades Boxboard units in East Angus, Quebec; Jonquière, Quebec; Winnipeg, Manitoba; Mississauga, Ontario and Cobourg, Ontario. This move, which reflects Cascades' intention to refocus its activities on the strategic sectors in which it excels, does not affect the company's European-based boxboard operations.
The company thanks its employees once again for their loyal services and wishes them all the best for the future.
www.cascades.com
