Cascades buys converting and storage facilities in Ontario
Paper products maker Cascades Inc. has bought three new Ontario storage and converting facilities for an undisclosed price.
KINGSEY FALLS, Que.: Paper products maker Cascades Inc. has bought three new Ontario storage and converting facilities for an undisclosed price.
The Quebec-based company said its Norampac division has acquired Bird Packaging Ltd.’s converting and storage facilities in Guelph, Kitchener and Windsor.
Financial details were not disclosed.
Marc-Andre Depin, president and chief executive officer of Norampac said the acquisition allows the company to broaden its market reach in Ontario. Expanding its presence across Ontario is a key part of Norampac’s development strategy.
“In addition to a well-established customer base, Bird also has state-of-the-art equipment, a team of skilled people and a vast line of products and services that complement Norampac’s product offering,” he said.
“The addition of Bird’s production plants to Norampac’s assets, in line with our strategic plan, will help us to reach our target with the expansion of our spectrum of products and services in terms of corrugated, high standards of printing and packaging solutions, just to name a few,” Depin said.
Bird Packaging Ltd. is a family-owned business with 130 employees. It specializes in making corrugated boxes and floor displays.
Founded in 1964, Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres.
It employs nearly 11,000 people in more than 100 operating units in North America and Europe.
© 2012 The Canadian Press