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Cascades Sells its Thunder Bay Plant
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Kingsey Falls, Quebec, Canada, 07 January 2007 -- /PRNewswire/ -- Cascades (CAS-TSX) is announcing the sale of its coated fine papers manufacturing plant in Thunder Bay, in northern Ontario. Cascades will contribute CAD 4.5 million to the purchaser, Thunder Bay Fine Papers Inc., to support the startup of the plant.

In commenting on this transaction, Mario Plourde, president and chief operating officer of Cascades Specialty Products Group, stated: "Cascades is pleased to announce this transaction, which will allow us to participate in the creation of new jobs in the community while limiting the costs associated with maintaining the mill."

The Thunder Bay plant ceased operations in January 2006 because of unfavorable economic conditions.

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, 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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