Norampac Inc. Acquires Johnson Corrugated Products Corp.

Published: April 20, 2004, By pffc-online.com

PRESS RELEASE

MONTREAL, QC, CANADA—The joint venture company owned by Domtar Inc. and Cascades Inc. Norampac Inc. reports it has acquired the shares of Johnson Corrugated Products Corp. According to Norampac, the investment will enable the manufacturer to increase its integration level as well as its North American presence; the acquisition includes Johnson Corrugated's operation based in Thompson, CT, located approximately 40 miles (less than 60 km) from Providence, RI, USA.

Norampac's release about the buy reports the Johnson facility has an annual capacity of more than 750 million sq ft and a workforce of about 100 employees.

States Norampac president CEO Marc-André Dépin, “This new acquisition is an interesting opportunity for us to increase our presence in the northeastern United States and fits perfectly with our development strategy. Furthermore, with the addition of a new press at the Thompson plant in 2003, Norampac will be in a position to supply an even higher quality product to its ever-loyal customers, as well as to its future customers."

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