Food products company Dover Industries has said it has agreed to sell its packaging division to Cascades Inc for an undisclosed amount.
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The assets being sold represent annual folding carton sales of approximately C$35m (US$28.6m). Packaging group Cascades said the transaction was in keeping with its long-term strategies.
“This transaction will increase our integration in North America in addition to allowing our group to further diversify its product lines,” the company said.
Burlington, Ontario-based Dover Industries is a food products and paper products company with sales throughout Canada and the US. Its production facilities include flour mills in Acton and Cambridge, Ontario, a flour mill and mix plant in Halifax, Nova Scotia, a paper cup manufacturing facility in Brampton, Ontario and an ice cream cone and plastics products operation in Burlington, Ontario.
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