April 1, 2026 - Solifor Forest Asset Management has acquired Cascades' private forestlands located in Kamouraska and Témiscouata for $20 million. The deal includes 10,500 hectares of forest managed by Cascades for over 25 years.
The transaction was completed on March 31.
The structuring partnership will allow for the continued development of the lands and will help secure the long-term supply for Cascades' Cabano containerboard mill, located in Temiscouata-sur-le-Lac Quebec. The mill manufactures corrugated medium from virgin and recycled fibers.
"Cascades' long-term management of its natural and plantation forests in the Lower St. Lawrence region has been exemplary and is now resulting in remarkable growth," said André Gravel, President and CEO of Solifor. "These lands fit well into Solifor's portfolio of properties, which prioritizes responsible, balanced, and sustainable forest management, focused on optimizing their long-term value, the harmonious coexistence of different land users, and a concrete contribution to the fight against climate change."
Hugues Simon, President and CEO of Cascades, said, "We are pleased that Quebec interests are continuing the responsible management of assets that we were using very little, while also giving us access to increased supply capacity from Solifor, which owns large tracts of forest land near our operations. This agreement secures a reliable supply and ensures the competitiveness of our Cabano plant."
Cascades has been present in the Lower St. Lawrence for over 50 years, while Solifor has been present there for over 15 years through its properties in the Nicolas-Riou seigneury and the Métis seigneury.
Solifor is a company within the Fonds de solidarité FTQ network specializing in the management of private forest properties. With over 210,000 hectares of private forests in the Bas-Saint-Laurent, Chaudière-Appalaches, Charlevoix, Saguenay, Portneuf, Mauricie, Abitibi and northern Maine regions.
SOURCE: Solifor