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Cascades Broadens its Market Presence in Ontario
Cascades Inc., a leader in the recovery and the manufacturing of green packaging and tissue paper products, announces today that its Norampac division has acquired Bird Packaging Limited's converting and storage facilities located in Guelph, Kitchener and Windsor, in Ontario. The financial terms of the transaction have not been disclosed.Full Article: http://www.cascades.com/newsroom/headline-news
According to Marc-André Dépin, President and Chief Executive Officer of Norampac, “This acquisition is beneficial to Norampac and Cascades as it will allow us to broaden our market reach in Ontario by integrating plants that benefit from an excellent reputation amongst their customers. 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”.
This investment is part of Norampac's development strategy which aims at expanding its geographical presence in Ontario and relying on productive assets. Furthermore, Bird's packaging products represent a compelling add-on to Norampac's portfolio and will increase our competitiveness with an improved product offering.