Cascades acquires Urban Forest Products, Clarion Packaging, doubles production of molded pulp packaging in United States
The plants manufacture molded pulp protective packaging for the egg and quick-service restaurant industries.
Cascades Inc., Canada, acquired Urban Forest Products, Brook, Ind., and Clarion Packaging, Clarion, Iowa, for $37.4 million, to double production capacity of ecological packaging manufactured in molded pulp.
The plants manufacture molded pulp protective packaging for the egg and quick-service restaurant industries, and have a combined workforce of over 150 employees. Cascades also acquired a majority interest in Falcon Packaging, a Greenville, Ohio-based distributor of egg packaging, with 31 employees in Ohio, Iowa and Georgia.