Cassadine Industries, also know as, CI, is an international conglomerate headquartered in Port Charles and owned by the aristocratic Cassadine family.
History[]
The affluent international conglomerate, established by the Cassadine family in the late 1970s as a facade for their illicit activities, unexpectedly flourished and carved a niche for itself in the corporate world.
It is planned that when he becomes of age, Spencer Cassadine will take over the family business.
In December 2005, a single Cassadine Industries account was estimated to be worth $15 million at the time. As of May 2009, Cassadine Industries was estimated to be worth over $20 billion dollars.
In 2015, Helena and Victor Cassadine liquidated most of the company's assets in order to fund their personal needs. The company was almost in ruin. It was then that Nikolas took control of ELQ International in order to have the funds needed to save the family industry.
Following Nikolas' presumed death in 2016, Valentin took control of Cassadine Industries, which was on the brink of insolvency, and made it hugely valuable and profitable.
However, a secret codicil in Mikkos' will revealed that Valentin is not his son and thus unable to inherit any of the Cassadine family fortune.
When Nikolas was revealed to be alive in 2019, he regained control of the company and was reinstated as sole Cassadine heir. For Jasper Jacks help in his "rebirth" scheme, he agreed to give Jax control of Cassadine Shipping. Valentin was forced out, and he in turn decided to buy up control of ELQ and then became its CEO.
On May 13, 2021, Nikolas told his auntAlexis Davis that Cassadine Industries is in talks with the state to take Pentonville Penitentiary private, but these talks fell through.
In October 2021, Victor Cassadine was not only revealed to be alive, but he also revealed to Valentin that he was his father - leaving the fate of Cassadine Industries and Wyndemere Castle in the balance.
On January 4, 2022, The Invader published its first hit piece against Cassadine Industries. New publisher and owner Shawn Butler informed Nikolas and his then-wifeAva Jerome that the new direction for the publication was to promote or expose issues of social or political relevance. His investigative team had uncovered an issue of bullying and an accusation of retaliation against a plant manager. Top CI management paid off both parties to circumvent further bad PR, with the condition that they sign an NDA.
On March 25, Victor tells Nikolas that heads of states would routinely line up to do business with the Cassadines. He is planning a merger with Bronze Hills Holdings. The resources from the merger will be a significant step to have the Cassadines gain former power.
On September 15, 2023, at a Country House in Pautauk where Nikolas has been hiding out, Austin Gatlin-Holt comes home to find him packed and leaving. He tells Austin he's not going back to PC, as he has to tie up loose ends in Europe, and he leaves in a few hours. Nikolas explains that it's been six months since he disappeared and has been presumed dead by the Cassadine estate, so control will go to Spencer. The only way to stop this is to prove he's still alive. He believes once Spencer gets control of the money he isn't likely to give it back. He tells Austin that his son is a Cassadine, and he can't let Spencer have power over him.
That same day in PC, Spencer arrives at the Invader to see his great-auntAlexis Davis, the editor-in-chief, needing her help as a fellow Cassadine and legal expert. The Cassadine estate is about to be handed over to him as it's been six months since his father split, but he has no idea how to translate the legal jargon in the document he was sent. Alexis is happy to look over the document, noting it's very complicated, and she'll need time to get back to him. Spencer is grateful to her, and for having family helping him with this.
