Cascades Optimizes the Value of Its Forest Assets And Enters Into a Long-Term Strategic Partnership With Solifor

Executive Summary

• Cascades Inc. sold 10,500 ha of private forest lands in Kamouraska and Témiscouata to Solifor for $20 million, completed on March 31, 2026.
• The transaction secures a reliable long‑term timber supply for Cascades’ Cabano plant, supporting its competitiveness.
• The partnership creates a structured forestry‑sector collaboration in the Bas‑Saint‑Laurent region, aligning both companies’ sustainability and climate‑change objectives.

Key Details

• Transaction value: $20 million cash payment to Cascades.
• Assets transferred: Private forest lands covering 10,500 ha previously managed by Cascades for >25 years.
• Geographic focus: Kamouraska and Témiscouata regions, Bas‑Saint‑Laurent, Quebec.
• Strategic purpose: Enables continued development of the lands under Solifor’s management while guaranteeing a long‑term timber supply to Cascades’ Cabano plant.
• Closing date: March 31, 2026.
• Partnership scope: Long‑term strategic collaboration for sustainable forest management, value optimization, and climate‑change mitigation.
• Quotes:
• Hugues Simon (President & CEO, Cascades): Emphasized the partnership’s benefit in maintaining sustainable asset management and securing supply for Cabano plant.
• André Gravel (President & CEO, Solifor): Highlighted alignment with Solifor’s portfolio and commitment to responsible forest stewardship.

Notable Quotes

• “This partnership is a natural and beneficial step for both our organizations… we have secured a reliable supply that will help our Cabano plant stay competitive.” – Hugues Simon, President & CEO, Cascades
• “These lands fit well into Solifor's property portfolio… directly contributing to the fight against climate change.” – André Gravel, President & CEO, Solifor