Cascades Completes Deal for Atlantic Packaging's Tissue Unit
Aug. 31, 2009 - Cascades Inc. said that it has completed the acquisition of the tissue division of Atlantic Packaging Products Ltd.
The estimated value of the deal is approximately C$60 million (US$54.10 million).
Through the acquisition, Cascades' annual production capacity will increase by 55,000 short tons of recycled paper and its converting capacity by approximately 70,000 short tons adding close to $100 million in sales per year.
SOURCE: Cascades Inc.
See related story:
- Cascades to Buy Atlantic Packaging's Tissue Unit (6/12/2009)