Cascades announces three-year partnership agreement to purchase cardboard recovered from Tricentris' three sorting facilities in Canada

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Cascades announces three-year partnership agreement to purchase cardboard recovered from Tricentris' three sorting facilities in Canada

April 19, 2017 - 07:13
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LACHUTE, QC, April 19, 2017 (CNW) -Cascades and Tricentris are thrilled to announce that they have signed a three-year partnership agreement. As part of this deal, Tricentris will supply all of the cardboard recovered at its three sorting facilities (Lachute, Terrebonne and Gatineau) to Cascades. This alliance between two of Quebec's leaders in cardboard recovery and recycling is all the more important because of its benefits for the environment and the local economy.

For these two organizations, this deal will sustain the momentum they share from several other successful collaborations. Over the next three years, 75,000 tonnes of cardboard obtained through selective collection and sorted by Tricentris will be transferred to Cascades. Sourced from the recycling bins of the 1.9 million Quebec residents served by Tricentris, this material will be used to manufacture Cascades products made with recycled fibres. The materials are therefore used, sorted and processed entirely within Quebec.

"Besides making total sense from an environmental standpoint, this deal, which is valued at more than $10 million, will help to drive the local economy. With the two businesses' Lachute operations just 11 kilometres apart, this partnership also minimizes the environmental footprint associated with transporting the materials. This added advantage is perfectly consistent with the values and vision of both Cascades and Tricentris," explained Frédéric Potvin, General Manager of Tricentris.

"By teaming up, Cascades and Tricentris are propelling the circular economy and proving that economic growth and the preservation of our natural resources can go hand in hand. We take great pride in the fact that we manufacture premium products while also giving those materials a second life," stated Luc Langevin, President and Chief Operating Officer, Cascades Specialty Products Group.

To spread the good news, Cascades and Tricentris released a short video on their respective Facebook pages showing how cardboard is transformed from recycling bin filler to one of these premium products. Making an appearance is David Heurtel, Minister of Sustainable Development, the Environment and the Fight Against Climate Change, who commends both teams for their "outstanding initiative supporting Quebec's circular economy and providing one more example of a modern, green and thriving economy."

About Cascades

Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs 11,000 women and men, who work in close to 90 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

About Tricentris

Tricentris is the largest sorting organization in Quebec, with 200 member and client municipalities across the Laurentides, Outaouais, Lanaudière, Montérégie and Abitibi‑Témiscamingue regions. It serves 1.9 million residents, receiving, sorting and marketing some 200,000 tonnes of recyclable materials annually. The organization proudly and diligently fulfills its mission by reinvesting the proceeds from the sale of recyclable materials in the community. In doing so, Tricentris drives the regions' environmental, social and economic growth while remaining an active player in recyclable materials management.