As the Canadian market leader in the facial tissue category, with brands like Scotties and Bonterra, Kruger Products has the capacity to supply the Canadian market with 8 domestic manufacturing plants and options for expansion.
MISSISSAUGA (ON), August 28, 2023 – In light of recent announcements, Kruger Products Inc. ("KPI"), a company in which KP Tissue Inc. (TSX: KPT) holds a limited equity interest, is reminding Canadian consumers, through the ups and downs, that they are here for the moments that matter. Canadian made, Kruger Products has eight manufacturing plants in Canada with significant capacity to supply facial tissue in the market. As part of its previously announced $1 billion asset investment, Kruger Products has a new high-quality facial tissue line starting up in Quebec in December 2023. The company is also looking at securing additional facial tissue capacity shortly with more details to follow.
Already the Canadian market leader in the facial tissue category, Canadians can count on Kruger Products to continue serving consumers, customers and communities from coast to coast. Consumers can choose from Scotties®, Canada's #1 facial tissue, dependably soft and strong, or explore the newest brand in the category, Bonterra™ facial tissue, a 3-ply sustainably focused option that doesn't sacrifice quality or softness.
For Kruger Products, making everyday life more comfortable isn't just a mission, it's a commitment to Canadians.
About KP Tissue Inc. (KPT)
KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 13.3% interest in Kruger Products. For more information visit www.kptissueinc.com.
Kruger Products is Canada's leading manufacturer of quality tissue products for household, industrial and commercial use. Kruger Products serves the Canadian consumer market with such well-known brands as Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra™. Kruger Products has approximately 2,200 employees and operates eight FSC® COC-certified (FSC® C-104904) production facilities in Canada. For more information visit www.krugerproducts.ca.
Forward-looking statements in this press release include, but are not limited to, statements regarding the scheduled start-up date of Kruger Products' new Quebec facial tissue line and its consideration of securing additional facial tissue capacity. The forward-looking statements are based on certain key expectations and assumptions made by KPT or Kruger Products. Although KPT and Kruger Products believe that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking statements since no assurance can be given that such expectations and assumptions will prove to be correct.
Many factors could cause Kruger Products' actual results, level of activity, performance or achievements or future events or developments (which could in turn affect the economic benefits derived from KPT's economic interest in Kruger Products), to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, those factors which are discussed in the "Risk Factors – Risks Related to Kruger Products' Business" section of the KPT Annual Information Form dated March 9, 2023 available on SEDAR+ at www.sedarplus.ca.
The forward-looking information contained herein is made as of the date of this press release and KPT undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.
SOURCE Kruger Products Inc.