Cascades to close Toronto napkin plant, 30 employees affected by move

August 13, 2012 - 4:51 PM

TORONTO - Cascades Inc. (TSX:CAS) is permanently closing its paper napkin plant in Toronto.

The shut down will affect about 30 employees.

The company says production from the McNicoll Street factory will be redirected to its plants in Laval, Que., and Waterford, N.Y.

The move does not affect its Milliken Street plant, also located in Toronto.

Cascades has been restructuring to focus on its core tissue and packaging businesses.

Last week, the company reported a second-quarter profit of $7 million.

News from © The Canadian Press, 2012

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