K&L Gates Reps Cascades In $400M Dopaco Unit Sale

Law360, New York (March 11, 2011, 2:50 PM EST) -- Quebec's Cascades Inc. said Friday that it would sell fast food packaging maker Dopaco Inc. and Dopaco's Canadian unit for $400 million to Illinois-based Reynolds Group Holdings Ltd. and use the money to pay down debt.

Cascades, whose core business is the recovery of recyclable materials and the manufacture of green packaging and tissue, added that it would continue to supply boxboard to Dopaco per a supply agreement.

Cascades CEO Alain Lemaire said the deal "unlocks significant value for our shareholders" and was part of a...
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