Gestion Laurent Lemaire Inc. acquires common shares of Cascades
KINGSEY FALLS, QC, June 1, 2011 /PRNewswire/ – Gestion Laurent Lemaire
Inc., an entity controlled by Laurent Lemaire, announces that it has
acquired 500,000 common shares of Cascades Inc. on May 31, 2011 at a
price of $6.35 per share, bringing its 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 and Gestion Laurent
Lemaire Inc., and Laurent Lemaire, may acquire additional securities,
or dispose of their holdings in Cascades Inc., as investment conditions
warrant. Gestion Laurent Lemaire Inc. has its head office at 19 rang
des Buttes, Warwick (Quebec), J0A 1M0, Canada.
Founded in 1964, Cascades produces, converts and markets packaging and
tissue products that are composed mainly of recycled fibres. The
Company employs more than 11,000 employees, who work in more than 100
units located 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.
SOURCE CASCADES INC.