Cascades Inc. and Perkins Papers Ltd. make announcement.KINGSEY FALLS, QUEBEC--(BUSINESS WIRE)--Aug. 31, 1995--CASCADES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:CAS) As previously announced, on Friday August 25, 1995 Cascades inc. ("Cascades") and Perkins Papers Ltd. ("Perkins") formerly concluded the transaction pursuant to which Perkins acquired all of the shares of Cascades' two subsidiaries which manufacture tissue paper and towelling at plants located in Kingsey Falls (Quebec) and Rockingham (North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. ) for common stock of Perkins. As a result of this transaction Cascades has become the controlling shareholder of Perkins with approximately 75 percent of the outstanding shares. To insure the success of this transaction, which has consolidated Perkins' position as the second most important manufacturer of tissue paper in Canada, Cascades has completed an preliminary restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of Perkins and an initial rationalizing of its workforce. Effective immediately Perkins will be managed by a team of three senior executives made up of Mr. Laurent Lemaire who will act as President and Chief Executive Officer, Ms. Suzanne Blanchet who will act as Executive Vice-President and Rollo Bramwell who will act as Vice-President of Sales and Marketing. The new Board of Directors will include Messrs Bernard Lemaire Bernard Lemaire (born May 6, 1936) is a Canadian businessman. He is the Chairman of the Board of Cascades Inc., a Canadian manufacturer of packaging products, tissue products and fine papers products. (Cascades Inc.), Laurent Lemaire (Cascades Inc.), Alain Lemaire (Cascades Inc.), Rollo Bramwell (Tarlav Inc.), Robert Keane (Abitibi Price Inc.) et Ms Suzanne Blanchet (Cascades Inc.). Mr. Lemaire will be implementing a restructuring plan which is expected to allow the company to become profitable again over the coming quarters. As a first step a new management team was put in place at the Company's Candiac mill consisting of Mr. Luc Gauthier (mill manager), Mr. Daniel Gelineau (production manager), Mr. Jean Fortin (manager of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. ) and Mr. Luc Ringuet (controller). CONTACT: Mr. Robert F. Hall Vice President Legal Affairs and Corporate Secretary Cascades inc. 819/363-5116 INDUSTRY KEYWORD: FOREST PRODUCTS 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 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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