Jan 10, 2008. /Lesprom Network/. Cascades announces the sale of its Greenfield S.A.S. French deinking mill to Argowiggins, a subsidiary of Sequana Capital. Discussions were initiated with Argowiggins in December 2007, the sale of which was subject to certain conditions, including the approval of the competent regulatory bodies. Commenting on the transaction, Mr. Alain Lemaire, President and CEO of Cascades, stated "There were few opportunities for Greenfield to integrate its production line with that of our other European mills. The sale of this mill is thus in keeping with one of our strategic objectives and will enable Cascades to concentrate its efforts on the key components of its business model." Founded in 1964, Cascades produces, transforms and markets packaging and tissue products composed mainly of recycled fibres. The Cascades shares trade on the Toronto stock exchange.