The transaction includes a supply agreement between the two parties to ensure the continued production and supply of the flexible film that is used by Cascades' Tissue and Packaging sectors.
Oct. 8, 2025 - Cascades announced that it has reached an agreement to sell its Flexible Packaging plant activities to Five Star Holding based in Houston, Texas. The $31 million transaction is effective immediately. Cascades' will retain ownership of the site real estate.
Located in Mississauga, Ontario, Flexible Packaging is Cascades' only plant that manufactures printed flexible plastic packaging and films.
Cascades noted that it has found a buyer with both the expertise and a broader asset network to realize the plant's growth potential.
"Today's decision will allow us to reduce our debt and support the optimization of our operational platform to grow our strategic sectors," explained Hugues Simon, President and Chief Executive Officer of Cascades. "We are pleased to have found in Five Star a buyer committed to maintaining and developing the plant's activities."
The Flexible Packaging operations employs 45 people, all of which will be retained by Five Star at closing.
Cascades said it will work closely with Five Star to ensure a smooth ownership transition for employees, customers, and suppliers. The transaction includes a supply agreement between the two parties to ensure the continued production and supply of the flexible film that is used by Cascades' Tissue and Packaging sectors.
Alex Huis In 'T Veld, CEO of Five Star, said, "There was an immediate connection between our teams around manufacturing culture and shared focus on quality and safety. This acquisition will accelerate our growth in sustainability focused packaging for consumer, food and beverage markets in Canada and throughout North America."
Five Star manufactures and designs a broad range of flexible packaging, printed films, and sustainability programs focused on Pet Care, Food & Beverage, and Consumer & Industrial markets. Headquartered in Houston, Texas, with additional manufacturing locations in Canada, Mexico and Honduras, Five Star is vertically integrated from extrusion and recycling through printing and converting.
Founded in 1964, Cascades (TSX: CAS) offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,500 people across a network of 65 operating facilities in North America.
SOURCE: Cascades Inc.