The de-inking pulp mill was previously owned or operated by American Tissue. The tissue paper machine and converting lines were previously owned by a trustee on behalf of GE Commercial & Industrial Finance.
This acquisition will increase Cascades' tissue capacity by approximately 40,000 short tons per year. The start-up of the tissue machine will be dictated by market demand. The converting lines which are expected to start-up gradually later this year will produce bathroom tissue and paper napkins.
Suzanne Blanchet, president and CEO of Cascades' Tissue Group, said "This new acquisition represents a great opportunity for us to secure good assets at a fair price but more importantly, it is in line with our current development strategy. This investment of approximately $11.5 million will enhance our presence in the southern United States, further strengthening our ability to serve North American customers coast to coast in the retail as well as the commercial and industrial markets."
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