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Cascades to divest flexible packaging plant in Ontario, Canada
Yahoo Financeยท 2025-10-09 08:59
Eco-friendly packaging solutions provider Cascades has agreed to sell its flexible packaging plant in Mississauga, Ontario to US-based Five Star Holding. The C$31m ($22.23m) deal takes effect immediately. Cascades will retain ownership of the site real estate. The Mississauga facility is the sole location in which Cascades produces printed flexible plastic packaging and films. Upon the completion of the sale, the 45 employees working in the flexible packaging division will be transferred to Five Star. ...