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Cascades Acquires Rittman's Assets from Caraustar
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Kingsey Falls, Quebec, Canada, 07 August 2006 -- /PRNewswire/ -- Cascades Inc. (CAS-TSX) announces the acquisition of certain assets of the Rittman (Ohio,USA) coated recycled board mill from Caraustar Industries, Inc. (NASDAQ-CSAR) for an amount of USD 0.5 million, through exercise of the option it acquired on 12 April 2006, when it announced the purchase of the Sprague (Connecticut, USA) coated recycled board mill from Caraustar.

Commenting on the transaction, Eric Laflamme, president and chief operating officer of Cascades Boxboard Group, North America, stated: "We are pleased to announce this transaction and we will spare no efforts to satisfy the needs of our new customers. We will service Rittman's customers from our newly acquired and existing facilities, which will enable us to improve the capacity utilization rate and the profitability at these mills."

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. Cascades' management philosophy, its more than 40 years of experience in recycling, 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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