There is a new label as of 2013. This yarn base itself is not discontinued but it has a new label.
From the North American Schachenmayr website:
Catania is a classic cotton summer yarn – a high-quality all-round cotton yarn in a wide range of colors. The cotton is treated in a variety of ways for different textures. Cool and pleasant to wear. Fashionable and easy-care.
Article Code: 9801210
Yarn Ball Weight: 50 g
Yarn Meterage/Yardage: 125 / 137
Tension/Gauge #/stitches: 26
Tension/Gauge #/rows: 36
Recommended Knitting Needles
Knitting Needle (UK): 13-10
Knitting Needle (US): 2-4
Knitting Needle, MM: 2,5-3,5