KINGSEY FALLS, Quebec — Cascades announced that it has entered into an agreement with Crown Paper Group for the sale of its corrugated packaging plant located in Richmond, BC, for a total value of $65.5 million, including the real estate assets and subject to working capital adjustments and the assumption of certain liabilities. The transaction is expected to be completed in the coming days, subject to customary closing conditions and adjustments. …Given its geographic position, the Richmond plant offered limited integration and synergy potential within Cascades’ operational network, but aligns with Crown’s current footprint, expanding its operations in the region. …With a long-established presence in BC and nearly a century of operating an integrated containerboard mill in Port Townsend, Washington, Crown is a natural long-term fit for the Richmond plant.