Cascades has completed its public buyout offer of Cascades SA, giving it total control of the packaging company.
The offer means a compulsory buyout of the 659,368 shares of the French company Cascades SA, at a price of 6.2 euros per share.
As a result Cascades now holds directly, or indirectly with its Boxboard Group, 100 per cent of the issued and outstanding common shares of Cascades SA representing the totality of the capital and voting rights of Cascades SA.
Cascades is a leader in the manufacturing of packaging products, tissue paper and specialised fine papers. Internationally, Cascades employs more than 14,000 people and operates close to 160 operating units located in Canada, the United States, Mexico, France, England, Germany and Sweden.