September 1, 2009 (FinancialWire) — Cascades Inc. (TSX: CAS) (OTC: CADNF) said it has completed the acquisition of the tissue division of Atlantic Packaging Products Ltd. The company estimates the value of the transaction is around $60 million.

According to Cascades, the acquisition will enable it to increase annual production capacity by 55,000 short tons of recycled paper and its converting capacity by around 70,000 short tons adding close to $100 million in sales per year.

Canada-based Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibers. The company employs nearly 13,000 people in around 100 production units located in North America and in Europe.

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