Cascades Announces $65.5M Sale Of BC Plant To Crown Paper Group Kingsey Falls, Quebec based Cascades Inc. has an- nounced that it has entered into an agreement with Crown Paper Group (Crown) for the sale of its corrugated packag- ing plant located in Richmond, British Columbia, for a total value of $65.5 million. In view of Cascades’ commitment to optimize its op- erations and reduce its debt, the sale of the Richmond plant emerged as a mutually beneficial outcome for both Cascades and Crown. Given its geographic position, the Richmond plant offered limited integration and synergy potential within Cascades’ operational network, but aligns with Crown’s current footprint, expanding its operations. With a long-established presence in British Columbia and nearly a century of operating an integrated container- board mill in Port Townsend, Washington, Crown is a natu- ral long-term fit for the Richmond plant, providing integrat- ed paper supply and complementary product and service offerings. The transaction ensures a seamless transition to an operator with deep roots in British Columbia and a commitment to continued investment in the plant and its capable team. “Cascades is committed to improving profitability and optimizing its operational platform by allocating capital to CONTINUED ON PAGE 6
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