Wednesday, February 4, 2015 5:45 pm

Kingsey Falls, Quebec - Cascades Inc. announced on 4 February 2015 that is has completed the transaction announced on 11 December 2014: the sale of its North American boxboard manufacturing and converting assets to Graphic Packaging Holding Company.

Included in the C$44.9-million transaction are the Cascades Boxboard units in East Angus, Quebec; Jonquière, Quebec; Winnipeg, Manitoba; Mississauga, Ontario and Cobourg, Ontario. This move, which reflects Cascades' intention to refocus its activities on the strategic sectors in which it excels, does not affect the company's European-based boxboard operations.

The company said that it thanks its employees once again for their loyal services and wishes them all the best for the future.