Consumables

Cascades now owns close to 58% of the common shares of Reno De Medici

Wednesday 19. June 2013 - Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue paper products, announces that it now owns 217,474,385 common shares of Reno De Medici S.p.A. ("Reno") or 57.6% of the outstanding common shares.

“With the purchase of these shares, we concluded the put and call option agreement entered into with Industria e Innovazione S.p.A. in 2010. Reno is a leader in the recycled boxboard market in Italy, ranked second in Europe. We are pleased with the progress we made together since the merger of our European recycled boxboard operations in 2008.”, stated Mr. Mario Plourde, President and Chief Executive Officer of Cascades.