Perkins Paper Ltd., a subsidiary of Cascades Inc., completed the acquisition of two tissue mills from Plainwell Inc. The cost to acquire the two mills was $57.4 million.
The mills, located in Eau Claire, Wis., and Ransom, Pa., will operate under the names Cascades Tissue Group – Wisconsin Inc. and Cascades Tissue Group – Pennsylvania Inc.
The two mills, with a combined annual capacity of 110,000 tons, produce a wide range of tissue and toweling products.
With the acquisition of the two mills, Canada-based Cascades Inc. becomes the fifth largest tissue producer in North America.
The company has close to 150 operating units located in Canada, the United States, Mexico, France, Great Britain, Germany and Sweden.
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