OpenGate Capital Closes Deal with Cascades for Boxboard Plants

OpenGate Capital said that it has closed its acquisition of two boxboard-manufacturing subsidiaries of Cascades Inc. The two subsidiaries will operate under the unified brand name, Fusion Paperboard, and will continue conducting business from Hebron, Kentucky and Versailles, Connecticut with existing management. "This closing marks both a significant addition to our wood and paper portfolio, and an exciting new beginning for Fusion Paperboard," said Andrew Nikou, Founder and Managing Partner of OpenGate Capital. "We look forward to working closely with management