{"id":112913,"date":"2026-02-13T08:01:38","date_gmt":"2026-02-13T07:01:38","guid":{"rendered":"https:\/\/packaging-journal.de\/?p=112913"},"modified":"2026-02-13T06:57:02","modified_gmt":"2026-02-13T05:57:02","slug":"cascades-sells-packaging-plant","status":"publish","type":"post","link":"https:\/\/packaging-journal.de\/en\/cascades-verkauft-verpackungswerk\/","title":{"rendered":"Cascades sells packaging plant"},"content":{"rendered":"

Cascades Inc. has announced the sale of its Richmond, British Columbia, corrugated board plant to the Crown Paper Group. According to the company, the transaction has a total value of USD 65.5 million including real estate assets.<\/strong><\/p>\n

According to Cascades, in addition to the properties, the agreement also includes adjustments to working capital and the assumption of certain liabilities. The sale takes place against the backdrop of the company's strategic focus on optimising its operating structure and reducing its debt.<\/p>\n

Strategic realignment at Cascades<\/h2>\n

According to Cascades, the Richmond mill only offered limited integration and synergy potential within its own network due to its geographical location. For Crown Paper Group, on the other hand, the location was a strategic fit with its existing presence in the region and would enable it to expand its activities in western Canada.<\/p>

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Cascades announced that it will work closely with Crown to ensure an orderly transition for customers, employees and suppliers.<\/p>\n

Crown strengthens integration of paper and packaging activities<\/h2>\n

For Crown Paper Group, the acquisition represents a further step towards vertical integration. Among other things, the company operates an integrated containerboard mill in Port Townsend, Washington, as well as several converting and distribution sites in the Pacific Northwest and Western Canada.<\/p>