Cascades Inc. announces that it has reached an agreement to sell its Flexible Packaging plant activities to Five Star Holding ("Five Star") based in Houston, Texas. The $31 million transaction is effective immediately. Cascades' will retain ownership of the site real estate.
Founded in 1924, Clyde Industries is recognized for its highly engineered boiler efficiency and cleaning system technologies that improve performance, reduce operational costs, and support customer sustainability initiatives in critical industrial markets, including energy, pulp and paper, and general industry.
