|Bid||12.05 x 0|
|Ask||12.07 x 0|
|Day's Range||12.03 - 12.38|
|52 Week Range||7.55 - 13.94|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||59.65|
|Earnings Date||Aug 9, 2019|
|Forward Dividend & Yield||0.16 (1.32%)|
|1y Target Est||12.71|
Moody's Investors Service ("Moody's") commented that Cascades Inc.'s ("Cascades", Ba2 stable) $216 million acquisition of Orchids Paper Products Company ("Orchids", unrated ) is credit positive for Cascades because it will broaden its tissue platform and generate cost synergies. Additionally, the acquisition will allow Cascades to accelerate the modernization of its under-performing tissue asset base while only modestly increasing the company's leverage.
KINGSEY FALLS, QC, July 1st, 2019 /PRNewswire/ - Cascades (CAS.TO) ("the Company"), a leader in the recovery and manufacturing of packaging and tissue products, announces that it has entered into a definitive agreement for the acquisition of substantially all of the assets of Orchids Paper Products Company ("Orchids" or "Orchids Paper") following the approval thereof by the United States Bankruptcy Court for the District of Delaware (subject to completion of definitive documentation). Cascades will pay a cash consideration of US$207 million, financed by the Company's credit facilities. Cascades anticipates the transaction will close in August or September 2019, subject to the satisfaction of customary closing conditions.
KINGSEY FALLS, ON, June 28, 2019 /PRNewswire/ - Cascades (CAS.TO), a leader in the recovery and manufacturing of packaging and tissue products, has won the auction to acquire certain of the assets of Orchids Paper Products in proceedings before the United States Bankruptcy Court for the District of Delaware. Cascades agreement in such regard is subject to approval by the Bankruptcy Court at a hearing scheduled for July 1st. The transaction, which will be completed for a cash consideration of US$207 million, will cover substantially all the company's assets, including the Barnwell, South Carolina and Pryor, Oklahoma operations, as well as certain equipment and various of Orchid's Paper commercial arrangements with Fabrica de Papel San Francisco, S.A. de C.V., based in Mexicali, Mexico, and certain affiliates thereof.
KINGSEY FALLS, QC, June 6, 2019 /CNW Telbec/ - Cascades, a leader in the recovery and manufacturing of green packaging and tissue products, is pleased to announce that it is now an official member of the Amazon Packaging Support and Supplier (APASS) network. Cascades is committed to being a key contributor to our customers' success and views this participation with Amazon as a way of offering creative and sustainable packaging solutions that comply with the e-commerce industry's most rigorous requirements and specifications, thus creating value in our customers' supply chain. "As a member of the APASS network, Cascades will be able to help its customers in three ways: by making sure that their products are well protected, by offering our customers sustainable solutions that also provide the best customer experience possible, and by enabling our vendor and manufacturer partners to align themselves with Amazon's requirements," said Charles Malo , President and Chief Operating Officer of Cascades Containerboard Packaging.
On Tuesday, June 4, Corporate Knights published its 2019 list of the 50 organizations serving as model corporate citizens in Canada . Cascades claimed 6th place in this year's ranking, the company's best showing since it first appeared on the list in 2007. In May, the Reputation Institute published the results of its survey ranking the 50 companies with the best reputations in Canada .
KINGSEY FALLS, QC , May 22, 2019 /CNW Telbec/ - Cascades Inc. (CAS.TO), a leader in ecological recycling, packaging and hygiene solutions, is proud to have won the Ruby Award for innovation of the year in the confectionery industry thanks to its recyclable and insulating container northbox®. This award is presented by the National Confectioners Association (NCA) during the Sweets & Snacks Expo, this year held in Chicago . With the rise of e-commerce, there is an urgent need to reduce the environmental footprint of the thermal packaging used by the confectionery industry.
/R E P E A T -- Media Advisory - Cascades' Annual General Meeting of Shareholders "Creating New Possibilities"/
KINGSEY FALLS, QC , May 3, 2019 /CNW Telbec/ - Cascades, a leader in recovery and green packaging and hygiene solutions, is pleased to welcome the Femmes de papier exhibition to Kingsey Falls . Produced by the Boréalis centre, which presents the history of the paper industry, this touching interactive exhibition offers a female point of view in a traditionally male-dominated industry. Through various stations, visitors are invited to discover the day-to-day lives of women from different pulp and paper environments: housewives, cooks in logging camps, plant secretaries, and women who defied convention by working in production, and even management.
Media Advisory - Cascades' Annual General Meeting of Shareholders "Creating New Possibilities"
/R E P E A T -- Media Advisory - Invitation to the opening of the Femmes de papier exhibition/
KINGSEY FALLS, QC, May 1, 2019 /PRNewswire/ - Cascades Sonoco, a joint venture of Cascades Inc. (CAS.TO) and Sonoco Products Company (SON), today inaugurated the expansion of its facility in Birmingham, Alabama, and its new production line of innovative, eco-friendly packaging. This important investment of US$17 million enables the facility to now produce a water-based functional coating solution to create recyclable, repulpable and compostable containers. This new world-class equipment allows for the production of 50,000 tonnes per year of coated paper and paperboard using the company's FlexShield™, FluteSHIELD® and SurfSHIELD™ water-based coating technology.
/R E P E A T -- Media Advisory - Official inauguration of state-of-the-art equipment in Birmingham/