| Cascades and Reno de Medici Merger Project Delayed |
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Kingsey Falls, Quebec, Canada, 21 December 2007 -- /PRNewswire/ -- Cascades Inc. (TSX: CAS) announces that the merger of its European recycled boxboard operations with Reno de Medici has been delayed to allow sufficient time to complete approval procedures with the competent antitrust regulators.
It is expected that the approval procedures will be completed in February at which time a new date will be set for the merger.
Founded in 1964, Cascades produces, transforms, and markets packaging and tissue products composed mainly of recycled fibers. Cascades employs close to 14,000 employees who work in more than 100 modern and flexible production units in North America and Europe. Cascades' management philosophy, its more than 40 years of experience in recycling, and its continued efforts in research and development are strengths which enable the company to create new products for its customers. The Cascades shares trade on the Toronto stock exchange under the ticker symbol CAS.
Source: Cascades, Inc. |
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