M&A Deal Summary

Cascades Acquires Clarion Packaging

On December 6, 2018, Cascades acquired packaging company Clarion Packaging

Acquisition Highlights
  • This is Cascades’ 2nd transaction in the Packaging sector.
  • This is Cascades’ 4th transaction in the United States.
  • This is Cascades’ 1st transaction in Iowa.

M&A Deal Summary
Date 2018-12-06
Target Clarion Packaging
Sector Packaging
Buyer(s) Cascades
Deal Type Add-on Acquisition

Target

Clarion Packaging

Clarion, Iowa, United States
Clarion Packaging LLC is a manufacturer of moulded pulp protective packaging that primarily serves the egg and quick service restaurant industries.

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Buyer(S) 1

Buyer

Cascades

Kingsey Falls, Quebec, Canada

website

Category Company
Founded 1964
Sector Consumer Products
Employees10,000
Revenue 4.5B CAD (2022)
DESCRIPTION

Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs 11,000 women and men, who work in over 90 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on while contributing to the well-being of people, communities and the entire planet. Cascades was founded in 1964 and is based in Kingsey Falls, Canada.

DEAL STATS #
Overall 5 of 6
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Iowa) 1 of 1
Country (United States) 4 of 5
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Urban Forest Products

Brook, Indiana, United States

Urban Forest Products LLC is a world-class producer of molded-fiber packaging solutions. Its ‘green’ manufacturing approach, including the use of biogas, recycled raw materials, and a closed-water system, delivers a wide range of products from the egg and fruit packaging, to 4-cup drink carriers used at quick-service restaurants.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Orchids Paper Products

Brentwood, Tennessee, United States

Orchids Paper Products Co. is a manufacturer of tissue paper products serving the private label consumer. Orchid Paper's integrated plants have an estimated parent roll capacity of up to 114,000 tons and an estimated converting capacity of up to 114,500 tons. Additionally, Orchids Paper has an agreement with Fabrica providing access for up to 20,000 tons of converted products for the Western U.S. market.

Buy $207M
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