Mar 30, 2012. /Lesprom Network/. The Gascogne group, as part of its reorganisation strategy and its new strategic focus, started for the sale of the whole Laminates division. At the start of the year, Gascogne had already initiated sale of its Swiss subsidiary, and discussions are still actively taking place, as the company said in a press release received by Lesprom Network. Once completed, this operation will strengthen the Group's financial resources, allowing it to continue with productivity investments and to substantially reduce debts in its financial structure. In 2011, the Laminates division generated consolidated sales of Euro 184 million and had - Euro 2.4 million in underlying operating loss, mainly due to losses at the Swiss site (Euro 3.4 million) as, on the whole, the other entities had a positive underlying operating profit. Major player in the French wood industry, the Gascogne group is present at every stage in optimising the forest resource; it is the only French player fully integrated throughout the entire chain of the woodpaper- conversion sector.