History
CAREO was created in April 2008 through the merger of Cascades & Reno De Medici; both companies merged all their recycled assets. The virgin fibre mills remain on the ownership of Cascades.
Before the merger, Cascades was present in Europe for more than 20 years whereas Reno De Medici grew gradually since 1967 mainly in Italy, but also in Spain :
|
|
CASCADES (in Europe) |
RENO DE MEDICI |
|
1964 |
Creation of Cascades Inc. in Canada |
|
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1967 |
|
Acquisition of Cartiera Del Reno with the Marzabotto mill |
|
1985 |
Acquisition of the first European board mill = La Rochette |
Acquisition of Ovaro mill |
|
1986 |
Acquisition of Blendecques mill |
Acquisition of Cartiera Binda de Medici The Company changed name to Reno de Medici S.p.A. |
|
1989 |
Acquisition of Djupafors mill |
|
|
1997 |
Acquisition of Arnsberg mill |
Merge with Saffa |
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1998 |
Creation of Wednesbury sheeting centre |
Merge with Sarrio, main holding of former Saffa |
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2008 |
Merge of all recycled assets of Cascades Europe & Reno De Medici Creation of CAREO, Sales organisation of both brands, CASCADES & RENO DE MEDICI |
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Cascades is listed in the Toronto Stock Exchange, Reno De Medici is listed since 1996 in Milano.
