Canadian firm now has large stake in Europe’s second-largest recycled boxboard company.
Cascades strengthens its market position with addition of the Granby, Que.-located tissue-converting plant.
Cascades Inc., a global leader in the recovery of recyclable materials and the manufacturing of green packaging and tissue paper products and headquartered in Kingsey Falls, Que., has announced it has entered into an agreement for the sale of Dopaco Inc., its converting business for the quick-service restaurant industry, to Reynolds Group Holdings Limited for a cash consideration of US$400 million.
Demand for eco-friendly packaging products in the U.S. is expected to grow by 3.9 per cent a year through 2014, according to a new study from Cleveland, Ohio-based market researchers The Freedonia Group.
At a recent PCD (Perfumes, Cosmetics & Design) Congress held in Paris on February 3 & 4, 2009, the topic of avoiding green packaging was broached. Stéphane Guilbert, a professor of bio-polymer science and engineering put forth the proposition that…