Special Situations/Distressed • Forest Products

Cascades Acquires Orchids Paper Products

On June 28, 2019, Cascades acquired forest products company Orchids Paper Products for 207M USD

Acquisition Context
  • This is Cascades’ 1st transaction in the Forest Products sector.
  • This is Cascades’ largest (disclosed) transaction.
  • This is Cascades’ 5th transaction in the United States.
  • This is Cascades’ 1st transaction in Tennessee.

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M&A Deal Summary

Date June 28, 2019
Target Orchids Paper Products
Sector Forest Products
Buyer(s) Cascades
Deal Type Special Situations/Distressed
Deal Value 207M USD

Target Company

Orchids Paper Products

Brentwood, Tennessee, United States
Orchids Paper Products is a manufacturer of tissue paper products serving the private label consumer industry. 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. Orchids Paper Products is based in Brentwood, Tennessee.
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Buyer Overview 1

Buyer

Cascades

Kingsey Falls, Quebec, Canada

Category Company
Founded 1964
Sector Consumer Products
Employees9,600
Revenue 4.7B CAD (2024)
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 Context for Buyer #
Overall 6 of 6
Sector: Forest Products 1 of 1
Type: Special Situations/Distressed 1 of 1
State: Tennessee 1 of 1
Country: United States 5 of 5
Year: 2019 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 RDM Group

Milan, Italy

RDM Group is a producer of coated recycled carton board, the largest in Italy, France, and the Iberian Peninsula. RDM group’s portfolio of products includes mainly recycled cardboard, used mainly for packaging and folding cartons in all the major product sectors. RDM Group is based in Milan, Italy.

Sell -