Food products company Dover Industries has said it has agreed to sell its packaging division to Cascades Inc for an undisclosed amount.
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.
