HIG Capital to buy Cascades' fine papers division for $39.5 mln
U.S. private equity firm H.I.G. Capital has agreed to buy Cascades Fine Papers Group from Canadian packing and tissue products manufacturer Cascades Inc. While H.I.G. did not disclose the deal's value, Cascade has reported it as $39.5 million. The acquired division will be rebranded as Rolland Enterprises Inc, the former name of the business prior to joining Cascades. Based in Saint-Jérôme, Quebec, Rolland is a provider of specialty fine papers using recycled fibers for customers in commercial, B2B, government and education markets. Update: Its facilities include the Rolland paper mill and converting centre in Saint-Jérôme, as well as the deinking facility in Breakeyville, Quebec.
2 July 2014•3 mins read
