Cascades inc., a leader in the recovery and manufacturing of green packaging and tissue products, announces the closing of the sale of the building and land at its Maspeth , New state plant York , for US $ 72 million.

The company has accepted the offer of purchase from a private buyer and will continue to use the facilities until December 31, 2018, the expected date of the closure of the plant.

As part of the modernization and optimization of its operations in the northeastern United States, Cascades announced last August its decision to close its packaging plant because of the physical limitations of the current site. Volumes will be gradually redeployed to other units during the course of the year. "The reorganization of our activities in the region will be smooth for our clients and will allow us to strengthen our ability to act as a preferred partner for their development," stated Cascades President and Chief Operating Officer. checkout, Charles Malo .

Source: cascades.com