Strategic partnership secures long-term fiber supply for Cabano plant while Solifor expands Quebec forest holdings.
Cascades Inc.
Kingsey Falls facility upgrades target food packaging market with improved sheet quality and surface finish.
Packaging volumes soften on seasonality, while tissue segment faces $6 million in costs from unplanned power outage.
Transaction supports Cascades' debt reduction while Crown gains an integrated production site in British Columbia, Canada.
Executive brings finance leadership from packaging and tissue sectors to new operational excellence role.
State agency offers $200,000 in tax credits as new converting line enables premium product lines and increased capacity.
The $31 million transaction is effective immediately. Cascades' will retain ownership of the site real estate.