14 June, 2011
Cascades Inc. said that it has entered into an agreement with OpenGate Capital, a private equity firm, for the sale of two of its boxboard facilities in the U.S. – the Versailles mill located in Connecticut and the Hebron plant located in Kentucky. Terms of the deal were not disclosed.
The Versailles mill specializes in the manufacturing of coated recycled boxboard, and has an annual production capacity of 165,000 tons. While, the Hebron plant converts coated boxboard into approximately 20,000 tons of folding cartons annually.