<B>Perkins Acquiring Wyant</B>

Perkins Papers Ltd., a subsidiary of Cascades Inc., entered into an agreement to purchase Wyant Corp. Pursuant to the agreement, and promptly following the tender offer, Perkins Acquisition Corp. will merge with Wyant resulting in Wyant becoming a wholly-owned subsidiary of Perkins. The acquisition is expected to be complete by the end of this year.

Suzanne Blanchet, president and CEO of Perkins stated: ``This transaction is the logical outcome of a long business relationship between the two corporations. The acquisition of Wyant by Perkins is in keeping with our growth strategy, as it allows us to increase our proportion of converted products toward our 75% target.''

Wyant has two wholly-owned subsidiaries, Wood Wyant. and IFC Disposables. Wood Wyant is a Canadian manufacturer and national distributor of industrial and institutional sanitation products, including paper towels, bathroom tissue, related sanitary paper products, janitorial chemicals, waste receptacles and cleaning equipment. IFC manufactures and distributes wipers and sanitary paper products and systems.