12 八月, 17:58
Cascades Inc. has taken a majority position in Longhorn Paper Converting, a tissue converting plant in Grand Prairie, Texas, USA.
"This heightened presence in south-central US is a concrete example of our company's desire to serve its customers coast-to-coast," commented Mario Plourde, President and CEO of Cascades. "This initiative, which is part of our strategic development plan, will allow us to continue to grow in a region that offers potential for this core segment of our business."
"This investment has widened our presence in the US and will allow to take another important step toward achieving our objective of expanding into key markets in the southern and western United States. It will also enable us to provide even greater quality and flexibility to our American customers. Moreover, Longhorn Paper Converting offers us medium-term growth opportunities," underscored Jean Jobin, President and Chief Operating Officer of Cascades Tissue Group.
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres.