Cascades selling packaging plant to Crown Paper Group in a deal worth $65.5M
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Hey there, time traveller!
This article was published 29/01/2026 (253 days ago), so information in it may no longer be current.
KINGSEY FALLS – Cascades Inc. has agreed to sell a packaging plant to Crown Paper Group, located in Richmond, B.C.
The transaction is valued at $65.5 million, including real estate assets, and is expected to close in the coming days, subject to closing conditions.
Cascades says the plant offered limited integration within its operational network due to its geographic position.
Hugues Simon, the Cascades CEO, says in a news release that the move comes amid a commitment from the company to improve its profitability and optimize operations.
The transaction comes after Cascades signed a deal to sell a flexible packaging plant to Texas-based Five Star Holding for $31 million.
Cascades makes cardboard packaging, toilet paper, paper towels and other products.
This report by The Canadian Press was first published Jan. 29, 2026.
Companies in this story: (TSX:CAS)