Cascades Inc. to Sell Packaging Plant to Crown Paper Group for $65.5 Million
KINGSEY FALLS – Cascades Inc. has announced a deal to sell one of its packaging plants to Crown Paper Group in Richmond, British Columbia. The transaction, valued at $65.5 million, includes real estate assets and is expected to be finalized soon, pending closing conditions.
The decision to sell the plant was influenced by its limited integration within Cascades’ operational network, mainly due to its geographical location. Cascades CEO, Hugues Simon, stated in a press release that this move aligns with the company’s commitment to enhance profitability and streamline operations.
This transaction follows Cascades’ recent agreement to sell another packaging plant to Five Star Holding in Texas for $31 million. Known for producing cardboard packaging, toilet paper, paper towels, and more, Cascades continues to adapt its business strategy to ensure efficiency and growth.
Published originally on Jan. 29, 2026, this report sheds light on Cascades Inc.’s strategic business decisions.
Keyphrase: Cascades packaging plant sale