Cascades (company)
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| Public | |
| Traded as | : CAS OTCQB: |
| Founded | 1957 |
| Headquarters | Kingsey Falls, Quebec, Canada |
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Key people
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Mario Plourde (CEO) |
| Revenue |
 3.93 billion USD (2007) |
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95 million USD (2007) |
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Number of employees
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14,130 (2008) |
| Website | www |
Cascades is a company that produces, converts, and markets packaging and tissue products composed mainly of recycled fibres. Cascades employs more than 11,000 people in more than 100 operating units in North America and Europe. It was founded in 1964.
The Lemaire family founded the Drummond Pulp & Fibre company in 1957 which is involved in the recovery of household and industrial waste.
In 1964, Antonio Lemaire and his sons officially ventured into the production of paper made from recycled fibres when they took over a disaffected mill in Kingsey Falls,(Quebec), owned by the Dominion Paper Co.. Papier Cascades Inc. was born of that transaction.
In 1971, Cascades began its expansion in Kingsey Falls with the creation of Cascades Forma-Pak, its first moulded-pulp mill to use 100% recycled fibres. The event marked the beginning of a veritable paper-making corporation in a small town in the center of Québec from 1972 to 1977: the successive start-up of Papier Kingsey Falls (multi-layer board), Cascades Industries (tissue paper), Plastiques Cascades and Cascades Conversion.
In 1976, the Lemaire brothers "brought their skill and knowledge" outside Kingsey Falls for the first time with the start-up of the containerboard mill Papier Cascades in Cabano (Québec). This was the beginning of a great adventure that would bring Cascades all over the world.
In 1983 Cascades' shares began trading on the Montreal Stock Exchange. That same year, its entry into the United States began with the start-up of Cascades Industries Inc. in Rockingham, North Carolina. In Québec, Cascades began producing kraft paper in East Angus and acquired a boxboard plant in Joncquière the following year.
In 1985, the company made its entry into Europe with the acquisition of a boxboard plant in La Rochette, France. This new expansion took shape in 1986 with the creation of Cascades S.A. and the acquisition of another French boxboard mill in Blendecques. From 1987 to 1989, other mills located in Sweden and Belgium became part of the Cascades Group as well: Djupafors AB in Sweden and Kartonfabriek van Duffel NV in Belgium. The Belgian mill was renamed Cascades Duffel NV but ceased its production in 1993 after heavy losses and then was immediately transformed into a cutting center for the other European mills of the group. Declared definitively closed in the accounts of 1997, it was reconverted in 2002 by the ex-President of the Board of Cascades, Laurent Lemaire, to a so-called internal commercial agency, under the name with slightly modified orthography of Cascade Duffel NV, and having only one unit of establishment called Korton Fabrick van Ouffel, located at the exact address of the old mill Kartonfabriek van Duffel which was resold by Cascades to another company in 1998. This so-called agency (before different fiscal controles ...), without collaborator working in Belgium, was implied at the time of exports of cartonboard out of Europe, in particular those in transit by the port of Antwerp (according to Boards of directors of Cascades SA of June 28, 2002 and Nov 3, 2003). Since 2009, M. Stephane Thiollier and M. Vincent Lestringant (despite he died in... 2005) are not anymore Members of the Board of Cascades Duffel NV. Both have been replaced in May 2009 by M. Jean Goulet (General Manager of Cascades SAS / France) and by M. Zaki Haned (Investor Relations Manager at Reno De Medici). But if Cascades Duffel NV was "liquidated" with immediate effect the 28/12/2011, the "story" seems not finished yet......
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Wikipedia