July 1 (Reuters) - Cascades Inc CAS.TO :
* CASCADES ANNOUNCES AGREEMENT FOR THE ACQUISITION OF ORCHIDS PAPER PRODUCTS ASSETS
* CASCADES INC - CASCADES WILL PAY A CASH CONSIDERATION OF US$207 MILLION, FINANCED BY COMPANY'S CREDIT FACILITIES.
* CASCADES INC - ACQUIRED ASSETS OF ORCHIDS PAPER PRODUCTS ARE EXPECTED TO GENERATE ANNUAL EBITDA OF APPROXIMATELY US$45 MILLION BEGINNING IN 2021
* CASCADES - ENTERED AGREEMENT FOR ACQUISITION OF SUBSTANTIALLY ALL OF ASSETS OF ORCHIDS PAPER PRODUCTS CO FOLLOWING U.S. BANKRUPTCY COURT APPROVAL