Form 6-K CASCADES INC For: Dec 04

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December 4, 2017 3:59 PM EST

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of December, 2017

Commission File Number 333-105024

__________

CASCADES INC.

404 Marie-Victorin Blvd.

Kingsey Falls, Quebec

Canada J0A 1B0

(Address of registrant's principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___

This Report of Foreign Private Issuer on Form 6-K is being furnished to the Securities and Exchange Commission by Cascades Inc. (the “Company”) for the purpose of providing the press release issued by the Company on December 4, 2017, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference.

Exhibit Number		Document

99.1		Press Release dated December 4, 2017

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CASCADES INC.


By:	/s/ Louise Paul
Name:	Louise Paul
Title:	Assistant Secretary

Date: December 4, 2017

Exhibit Index

Exhibit Number		Document

99.1		Press Release dated December 4, 2017

Exhibit 99.1

PRESS RELEASE

	*Cascades Inc.*	Telephone: 819-363-5100
	404 Marie-Victorin Blvd., P.O. Box 30	Fax: 819-363-5155
	Kingsey Falls, Quebec J0A 1B0
	Canada
	www.cascades.com

CASCADES ACQUIRES CONTAINERBOARD PACKAGING PLANTS IN

ONTARIO AND INCREASES ITS OWNERSHIP IN GREENPAC

Kingsey Falls, QC, December 4, 2017 – Cascades Inc. (TSX: CAS) announces the acquisition of four plants in Ontario to strengthen its position in the containerboard packaging sector, and the purchase of an ownership position in Tencorr Holdings Corporation (“Tencorr”). The company also announces an increase in its equity holding of the Greenpac Mill LLC (“Greenpac”).

“We are very pleased to expand our presence in Ontario and increase our stake in Greenpac for the second time this year. These transactions align perfectly with our vision and strategy for our containerboard activities,” stated Cascades President and CEO Mario Plourde.

The four following plants were acquired from the Coyle family, and specialize in the manufacturing of boxes and speciality products offering strong growth potential:

McLeish Corr-a-Box Packaging & Design – Etobicoke, Ontario

Brown Packaging – Burlington, Ontario

Coyle Corrugated Containers Inc. – Scarborough, Ontario

Coyle Packaging (Peterborough) Ltd. – Peterborough, Ontario

This transaction will allow Cascades to expand its presence in Ontario, to increase its production capacity by 500 million square feet per year, and to strengthen its ability to serve customers in this region. These plants already have procurement agreements with Greenpac, and as such the transaction will have little impact on Cascades’ integration rate.

Cascades has also acquired the Coyle family’s 33% stake in Tencorr, a company specialized in manufacturing sheet stock for box producers.

Furthermore, Cascades has also acquired an additional interest in Containerboard Partners, one of Greenpac’s shareholders, thus increasing its holdings in Greenpac to 66.1% from 62.5%. The Company has been consolidating the Greenpac results since April 2017.

The total cost of the transaction amounts to $49 million, of which $21 million is related to the increased stake in Greenpac and its new position in Tencorr. The containerboard packaging plants were acquired for a consideration of $28 million, including an assumed debt of $4 million, which represents a multiple of 6.5 times the adjusted operating income before depreciation of these operations, and excludes anticipated synergies.

“These new assets will support our growth by providing us with increased capacity and flexibility. This transaction will also enable us to better serve our customers as we will be better positioned to provide them with the packaging solutions they seek. I would also like to welcome all of the employees of these new plants to Cascades,” said Charles Malo, President and Chief Operating Officer of Cascades Containerboard Packaging.

– 30 –

Founded in 1964, Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The Company employs 11,000 women and men, who work in close to 90 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on. Cascades’ shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

Media

Hugo D’Amours

Vice-President, Communications and Public Affairs

Cascades Inc.

819-363-5164

[email protected]

Information

Jennifer Aitken, MBA

Director, Investor Relations

Cascades Inc.

514-282-2697

[email protected]