Aug 31, 2009. /Lesprom Network/. Cascades Inc. announced that it has completed the acquisition of the tissue division of Atlantic Packaging Products Ltd. The estimated value of the transaction is approximately $60 million. This acquisition will enable Cascades to increase its annual production capacity by 55,000 short tons of recycled paper and its converting capacity by approximately 70,000 short tons adding close to $100 million in sales per year. According to Suzanne Blanchet, President and Chief Executive Officer of Cascades Tissue Group: "Cascades Tissue Group has dedicated considerable resources to the development of the Cascades Enviro100% recycled brand, to the point where it is now considered to be the number one green brand in the country, according to AC Nielsen. This transaction will enable us to further the development of the Cascades Enviro100% recycled brand particularly in central and western Canada by bringing us closer to our customers who are located west of Quebec." In commenting on the transaction, Alain Lemaire, President and Chief Executive Office, stated: "This acquisition which allows us to further consolidate our position as a leader in the development of environmentally responsible products. Atlantic Packaging Products Ltd. has been using recycled fibres to manufacture its products for many years. Building on this experience, Cascades will ensure that its environmentally sound principles are applied to existing processes, namely, with regards to green chemistry and minimal consumption of water and energy."