Cascades Inc. has agreed to acquire the assets of the packaging division of Dover Industries Ltd., Burlington, Ontario. The sales of the operation being acquired are around $35 million. The deal is expected to close by the end of this month.
Commenting on the transaction, Eric Laflamme, president and COO for North America of the Cascades Boxboard Group, stated : "The purchase of the Dover Packaging business will allow our new customers to benefit from a more diversified product offering while allowing them to take advantage of our broader geographical presence. In keeping with our long-term strategies, this transaction will increase our integration in North America in addition to allowing our group to further diversify its product lines."
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