Jul 19, 2011. /Lesprom Network/. Cascades Inc. will purchase the remaining 50% of shares that it does not hold in the company Papersource Converting Mill Corp. (Papersource), located in Granby, as the company said in a press release received by Lesprom Network. The cash purchase price for the acquired shares will be approximately $60 million and Cascades will assume a debt of approximately $25 million, for an approximate corresponding company value of $145 million. The transaction, expected to be signed in mid-September, is contingent upon the approval of the Competition Bureau. The 100% ownership of Papersource will have a positive impact on Cascades' net consolidated results. According to Suzanne Blanchet, President and CEO of Cascades Tissue Group: "With sales of more than $130 million and a consumption of more than 90,000 tons per year, the acquisition of the remaining shares of Papersource will increase the level of integration of Cascades Tissue Group to more than 70% and will thus strengthen its positioning in the Away-from-Home segment in Canada and in the United States." "This announcement confirms the firm intention of Cascades to be a key player in the tissue paper sector in North America", said Alain Lemaire, President and CEO of Cascades. Papersource is a tissue paper converting plant that is at the cutting edge of technology, which essentially manufactures products for the Away-from-Home market. It employs more than 160 employees. Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres.