Regulators OK Cascades SA, Reno De Medici Merger
Feb. 8, 2008 - Cascades Inc. yesterday said that the merger of the recycled boxboard operations of its European subsidiary Cascades SA and Reno De Medici S.p.A. has been approved by the competition authorities in Germany and Italy.
Both companies expect to sign the definitive agreements necessary to complete the merger by the end of February.
Cascades S.A.operations primarily include 4 virgin and recycled manufacturing boxboard mills in France, Germany and Sweden, a sheeting operation in England and an overall active sales structure in Europe.
Reno De Medici produces cartonboard and employs over 1,100 people. The comnpany does business through subsidiaries based in Italy, France, Spain and Germany.
SOURCE: Cascades Inc