Jun 24, 2011. /Lesprom Network/. OpenGate Capital has closed its acquisition of two boxboard-manufacturing subsidiaries of Cascades Inc. The two subsidiaries will operate under the unified brand name, Fusion Paperboard, and will continue conducting business from Hebron, KY and Versailles, CT with existing management, as the company said in a press release received by Lesprom Network. Andrew Nikou, Founder and Managing Partner of OpenGate Capital, said, “This closing marks both a significant addition to our wood and paper portfolio, and an exciting new beginning for Fusion Paperboard. We look forward to working closely with management to enhance its operations, continue its legacy of innovation, and capitalize on growth opportunities in the recycled packaging market.” Fusion Paperboard manufactures, converts and markets boxboard, a thin, rigid board of 100% recycled fibers used to make cartons or boxes for cereal, frozen food, and other consumer products. With a paper mill in Versailles, CT, and a converting facility located in Hebron, KY, USA.