Kingsey Falls, Québec (News release) - Cascades Inc. announces that its corrugated medium manufacturing facility in Niagara Falls, NY will be permanently closed as part of the optimization of the Company's packaging production platform. Production will end no later than September 3, 2025.

This announcement aligns with the Company's commitment to support strategic growth by focusing on profitability and customer service levels. The Niagara Falls production site has an annual production capacity of 200,000 short tons. A second machine at this facility was closed in 2023. Closure costs are estimated at approximately $5 million.

"This is a difficult decision, but one that is an essential part of our focus on optimizing the performance of our Packaging sector," said Jean-David Tardif, Executive Vice-President, Packaging. "The future growth momentum for Cascades and our customers is very promising, and we are well positioned to capitalize on opportunities for strategic and sustainable growth. We know what we need to do to get there--simplify, optimize and focus," he added.

Cascades would like to sincerely thank the 123 employees that are directly impacted by this decision and will work closely with them through the process. In particular, the company will provide job search support. The decision to close the facility in no way diminishes its major contribution to the local community, or the important achievements throughout its 38 years of operation. Cascades will ensure a seamless transition for its customers as a result of the synergies and optimization provided by its streamlined operating platform.