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Caraustar Completes Sale Of Mill To Cascades For $14.5 Million
Wednesday, July 19, 2006 1:37 PM


DOW JONES NEWSWIRES

Caraustar Industries Inc. (NASDAQ-NMS:CSAR) (CSAR) completed the sale of Sprague Paperboard Inc., a Versailles, Conn., coated recycled paperboard mill, to Cascades Inc. (Toronto:CAS) ( CAS.T) for $14.5 million.

Atlanta recycled packaging company Caraustar said it entered a long-term supply agreement with Cascades to supply coated recycled boxboard to its folding carton plants.

Caraustar were recently changing hands up 13 cents, or 1.8%, at $7.53 in Nasdaq composite trading.

-Jonathan Vuocolo; 201-938-5400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   07-19-06 1337   Copyright (c) 2006 Dow Jones & Company, Inc. 
(Source: iStockAnalyst )


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