Kingsey Falls, Quebec, Canada, 01 June 2011 -- /PRNewswire/ -- Gestion Laurent Lemaire Inc., an entity controlled by Laurent Lemaire, acquired 500,000 common shares of Cascades Inc. on 31 May 2011, at a price of CAD 6.35 per share. the purchase brings the company's total shares held, together with those held by Laurent Lemaire, to 12,168,813, representing 12.47% of the issued and outstanding common shares of Cascades Inc. The acquisition was made for investment purposes. Gestion Laurent Lemaire and Laurent Lemaire may acquire additional securities, or dispose of their holdings in Cascades, as investment conditions warrant.
Gestion Laurent Lemaire has its head office in Warwick, Québec..
Founded in 1964, Cascades produces, converts, and markets packaging and tissue products that are composed mainly of recycled fibers. The company employs more than 11,000 persons, who work in more than 100 units in North America and Europe. Its management philosophy, its more than 45 years of experience in recycling, and its continued efforts in research and development are strengths that enable Cascades to create new products for its customers. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.