Cascades Acquires Ohio Assets from Caraustar

Cascades Inc. announced the acquisition of certain assets of Caraustar’s Rittman, Ohio, coated recycled board mill for $500,000, through exercise of the option it acquired on April 21, 2006, when it announced the purchase of Caraustar Sprague, Ct., coated recycled board mill.

Eric Laflamme, president and COO of Cascades Boxboard Group, North America, said, "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," said Eric Laflamme, president and COO of Cascade’s Boxboard Group, North America.