Cascades Inc. - Announcement.KINGSEY FALLS, Quebec--(BUSINESS WIRE)--Aug. 5, 1996--Cascades Inc. (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CAS) ("Cascades") announces that it has completed, on August 2, 1996, the previously announced sale to Sealed Air Sealed Air Corporation(NYSE: SEE) is a company that makes a variety of packaging materials, systems and equipment. Its brands include Bubble Wrap, Cryovac, Instapak, Shanklin and Jiffy Mailer. They have recently moved headquarters to Elmwood Park, New Jersey. Corporation of Saddle Brook, New Jersey Saddle Brook is a township in Bergen County, New Jersey, United States. As of the United States 2000 Census, the township population was 13,155. Saddle Brook adopted its current name on November 8, 1955, replacing Saddle River Township. , of its 50 percent ownership interest in Cascades Sealed Air Inc. The remaining 50 percent of Cascades Sealed Air Inc. is already owned by Sealed Air Corporation. The terms of this sale were not disclosed. Cascades Sealed Air Inc. operates two plants located in Drummondville (Quebec) and Dunnville (Ontario) specializing in the manufacture of various polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n foam products for packaging, transportation, construction, insulation and recreation. In the future, these operations will be conducted by Sealed Air of Canada Ltd. Sealed Air Corporation's main activity resides in the manufacture and sale of a complementary line of protective and specialty packaging materials and systems as well as selected food packaging products. CONTACT: Cascades Inc. Robert F. Hall, 819/363-5116 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion