Sep 15, 2008. /Lesprom.com/. Cascades Inc. announces that it has completed the sale of the assets of its softwood lumber mill, Scierie Lemay Inc., located in L'Ascension-De-Notre-Seigneur in the Lac-Saint-Jean, Québec area, to Produits Forestiers Arbec S.E.N.C. The amount of the sale was not disclosed. "This transaction is in keeping with the objectives of our action plan which includes, amongst other things, disposing of non-strategic operations and reducing debt. The sale of Scierie Lemay confirms our withdrawal from the softwood lumber industry where our presence was minimal", declared Alain Lemaire, President and CEO of Cascades. Cascades acquired 50% of the shares of Scierie Lemay Inc. in 1996 and became the sole owner in January 2004. Cascades produces, converts and markets packaging and tissue products composed mainly of recycled fibres.