| Cascades Completes Acquisition of Sprague Board Mill |
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Kingsey Falls, Quebec, Canada, 19 July 2006 -- Cascades Inc. (CAS-TSX) announces that it has completed on 19 July 2006, the previously announced acquisition of the Sprague (Connecticut) coated recycled board mill from Caraustar Industries Inc. (NASDAQ-CSAR). This transaction, which amounts to USD 14.5 million, received the approval of the environmental authorities of the State of Connecticut. In the future, the Sprague mill will operate under the name Cascades Boxboard Group-Connecticut LLC, Versailles Mill.
Founded in 1964, Cascades produces, transforms, and markets packaging products, tissue paper, and fine papers, composed mainly of recycled fibers. Cascades employs nearly 14,300 men and women who work in some 120 modern and flexible production units located in North America, in Europe, and in Asia. The Cascades shares trade on the Toronto stock exchange under the ticker symbol CAS.
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