Cascades Inc. acquires Coyle Packaging (Peterborough) Ltd. in Peterborough, Ontario. Another three plants were acquired from the Coyle family that specialize in the manufacturing of boxes and speciality products offering strong growth potential:
- McLeish Corr-a-Box Packaging & Design – Etobicoke, Ontario
- Brown Packaging – Burlington, Ontario
- Coyle Corrugated Containers Inc. – Scarborough, Ontario
“We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities,” stated Cascades President and CEO Mario Plourde.
This transaction will allow Cascades to expand its presence in Ontario, to increase its production capacity by 500 million square feet per year, and to strengthen its ability to serve customers in this region.