News within the industry of pulp and paper, Aug, 20 2018
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Cascades sells its New York plant

Photo: Cascades
Photo: Cascades
Published by
Simon Matthis - 08 Feb 2018

Cascades announced that it has completed the sale of the building and land of its Maspeth plant, located in the state of New York , for US$72 million. The Company accepted an offer from a private buyer and will continue to use the facility until December 31, 2018, the date the plant is scheduled to close.

Last August, as part of the modernization and optimization of its operations in the Northeastern U.S., Cascades announced that it had decided to shut down the Maspeth packaging plant due to the physical limitations of the site. The volumes will be progressively redeployed to other Cascades units over the course of the year. Charles Malo , President and Chief Operating Officer of Cascades Containerboard Packaging, noted "The reorganization of our activities in the region will be done gradually to ensure a smooth transition for our customers, thus continuing to reinforce our commitment and ability to act as a preferred partner in their ongoing development."

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