December 4, 2017 / 12:16 PM / 12 days ago

BRIEF-Cascades Acquires Containerboard Packaging Plants In Ontario And Increases Its Ownership In Greenpac

Dec 4 (Reuters) - Cascades Inc:

* CASCADES ACQUIRES CONTAINERBOARD PACKAGING PLANTS IN ONTARIO AND INCREASES ITS OWNERSHIP IN GREENPAC

* CASCADES INC - ‍TOTAL COST OF TRANSACTION AMOUNTS TO $49 MILLION​

* CASCADES INC - ‍CONTAINERBOARD PACKAGING PLANTS WERE ACQUIRED FOR A CONSIDERATION OF $28 MILLION, INCLUDING AN ASSUMED DEBT OF $4 MILLION​

* CASCADES INC - ‍ALSO ACQUIRED COYLE FAMILY‘S 33% STAKE IN TENCORR​

* CASCADES INC - ‍ALSO ACQUIRED ADDITIONAL INTEREST IN CONTAINERBOARD PARTNERS, ONE OF GREENPAC‘S SHAREHOLDERS, INCREASING HOLDINGS IN GREENPAC TO 66.1% Source text for Eikon: Further company coverage:

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