Cascades, Solifor enter land partnership

Executive Summary

• Cascades Inc. has completed a $20 million acquisition of 10,500 hectares of private forest lands from Solifor in the Bas-Saint-Laurent region (Kamouraska and Temiscouata).
• The transaction secures a long-term, reliable supply of raw materials for Cascades' Cabano plant while optimizing the value of previously underutilized forest assets.
• The partnership ensures continued sustainable forest management under Quebec-based ownership, with Solifor taking over portfolio management to balance ecological, economic, and community interests.

Key Details

• Transaction Type: Strategic partnership and asset acquisition
• Counterparties: Cascades Inc. and Société de gestion d'actifs forestiers Solifor
• Consideration: $20 million CAD
• Assets Acquired: 10,500 hectares of private forest lands located in Kamouraska and Temiscouata
• Completion Date: March 31, 2026
• Strategic Rationale: Secure long-term supply for the Cabano plant, optimize asset value, and maintain sustainable management practices
• Historical Management: Cascades managed the acquired lands for over 25 years prior to the sale
• Solifor Portfolio Context: Solifor manages over 210,000 hectares of private forest land across Quebec and northern Maine, integrating these assets into its existing property portfolio for long-term value optimization
• Operational Impact: Ensures uninterrupted access to forest resources for Cascades' manufacturing operations while transitioning management to a specialized forestry asset manager

Notable Quotes

• Hugues Simon, President & CEO, Cascades: "This partnership is a natural and beneficial step for both our organizations... We are pleased that Quebec interests will maintain the sustainable management of assets we had tapped little into while opening up access to a greater supply through Solifor... Through this agreement, we have secured a reliable supply that will help our Cabano plant stay competitive."
• Andre Gravel, President & CEO, Solifor: "Cascades' exemplary long-term management of its natural and plantation forests in the Bas-Saint-Laurent region has led to its remarkable growth today... These lands fit well into Solifor's property portfolio, which fosters responsible, balanced and sustainable forest management with a view to optimizing their long-term value, ensuring the harmonious co-existence of various land users, as well as directly contributing to the fight against climate change."