Harter Secrest & Emery Helps Cascades Inc. Expand Their Food Services Packaging Operations

Attorneys in the Corporate practice group at Harter Secrest & Emery recently worked with a team at Cascades Inc, to help Cascades acquire assets to improve its position in the strategic fresh protein and food services packaging markets. The acquisitions will allow Cascades to double its production capacity of ecological packaging manufactured in moulded pulp. The total cost of the transaction amounts to US$37.4 million. The acquired manufacturing plants are Urban Forest Products and Clarion Packaging respectively located in Brook, Indiana and Clarion, Iowa; two of the top three egg-producing states in the U.S. The plants manufacture moulded pulp protective packaging that primarily serves the egg and quick service restaurant industries and have a combined workforce of just over 150 employees. Cascades also acquired a majority interest in Falcon Packaging, a leader in the distribution of egg packaging which has 31 employees in Ohio, Iowa and Georgia.

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs 11,000 women and men, who work in over 90 production units in North America and Europe.

The Harter Secrest & Emery team, that provided assistance in structuring the transaction and negotiating and drafting the transaction documents, was led by Phillip A. Delmont, and included Nicholas S. Gatto, John A. Anderson, Donald E. Snyder, Jr., John W. (Jack) Brill, and Thomas H. Tierney.

For more information on the Cascades acquisition, please click here to read their press release.

Attorney Advertising. Prior results do not guarantee a similar outcome. This publication is provided as a service to clients and friends of Harter Secrest & Emery LLP. It is intended for general information purposes only and should not be considered as legal advice. The contents are neither an exhaustive discussion nor do they purport to cover all developments in the area. The reader should consult with legal counsel to determine how applicable laws relate to specific situations. ©2019 Harter Secrest & Emery LLP