Cascades Inc. is a multinational company recognized for its innovative, eco-conscious, and sustainable packaging solutions. The company emphasizes hygienic manufacturing environments and circular practices to build trust among partners and customers, promoting a strong “best from waste” philosophy. Cascades specializes in fiber recycling, converting recovered materials into products such as tissue paper, containerboard, and boxboard. Its primary operations and markets are based in the United States and Canada.
Crown Paper Group is a leading creator of Kraft paper, corrugated, and containerboard packaging. The company made headlines in 2022 after Atlas Holdings acquired it. Crown is a multitasker as it’s a distributor, a converter, with its own centers and facilities of the same. There is a confident boost in Western Canada and the Pacific Northwest, as it’s the main marketing spot for Crown to roll.
Cascades Inc. inked a deal with Crown Paper Group worth $65 million. The deal will let Cascades sell off its corrugated packaging subsidiary to Crown. The plant is situated in Richmond, British Columbia, Canada. With this, Crown will get a ticket for expansion and the right to install the corrugated packaging into its business.
Cascades is awaiting the transaction confirmation soon, covering adjustments and closing conditions at an ideal calculation. As per the company, it’s a smart sales move that is dedicated to cutting debt and refining its operations. This will definitely profit Crown and Cascades. Cascades chose Crown as it has observed the potential and its well-developed footprint in British Columbia.
This is the reason why the company trusted Crown to witness the best use of the corrugated packaging in their streamlining. This forms a brilliant strategy for both companies to stimulate business growth and attract new engagements and projects further.
Cascades commented, “The Richmond plant falls short for unification and synergy capacity within our operational engagements, but was found suitable to Crown’s recent presence and performance.”
The president and CEO of Cascades, Hugues Simon, said, “The transaction with the Crown contributes largely to the success of the Company’s smart objectives without exploiting the Richmond plant’s prospects. It helps to earn revenue on class real estate assets without affecting the cash flow of our packaging industry.”
CEO of Crown Paper Group, Rob Kreizenbeck, said, “This acquisition is a memorable milestone in Crown’s expansion mission. This will help the integration of our box operations and mill to serve an exclusive product and service offerings.”
12 March 2026
12 March 2026
12 March 2026
12 March 2026
