Norampac Inc. announced the sale of its corrugated product plant in Monterrey, Mexico, known under the name of Norampac Monterrey Division S.A. de C.V.
The plant, which started up in 2001, was sold to its current management team.
In 2003, the plant's total net sales represented only 0.5% of Norampac's total net sales of corrugated products.
Norampac owns 8 containerboard mills and 24 corrugated products plants in the United States, Canada and France. Norampac is the largest containerboard producer in Canada and the seventh largest in North America.
Norampac is a joint venture company owned by Domtar Inc. and Cascades Inc.
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