Kruger Products Announces Price Increase in Canada
04 Abril 2022 - 6:29PM
Kruger Products L.P. (“KPLP”), a company in which KP Tissue Inc.
(TSX: KPT) holds a limited partnership interest, announced today
that it will be increasing the price of its consumer branded and
private label tissue products sold in Canada effective, July 4,
2022. The increase will be in the high single digits and is
required to offset the significant and sustained market inflation
affecting our various manufacturing and supply chain costs.
About KP Tissue Inc.KPT was
created to acquire, and its business is limited to holding, a
limited partnership interest in KPLP. KPT currently holds a 14.4%
interest in KPLP. For more information visit
www.kptissueinc.com.
About Kruger Products L.P.KPLP
is Canada's leading manufacturer of quality tissue products for
household, industrial and commercial use. KPLP serves the Canadian
consumer market with such well-known brands as Cashmere®, Purex®,
SpongeTowels®, Scotties®, White Swan® and Bonterra™. KPLP has
approximately 2,700 employees and operates nine FSC® COC-certified
(FSC® C104904) production facilities in North America. For more
information visit www.krugerproducts.ca.
Forward Looking
InformationForward-looking information contained in this
news release is provided for the purpose of providing information
about KPLP's price increase of its Canadian consumer products. Any
forward-looking information is made as of the date hereof and,
except as required by law, KPT does not undertake any obligation to
publicly update or revise such information to reflect new
information, subsequent or otherwise. Forward-looking information
is not a guarantee of future performance. By its very nature,
forward-looking information involves inherent assumptions, risks
and uncertainties, both general and specific, and risks that
predictions, forecasts, projections and other forward-looking
information will not be achieved.
INFORMATION: |
INVESTORS: |
François Paroyan |
Mike Baldesarra |
SVP, General Counsel & Corporate Affairs |
Director of Investor Relations |
Kruger Products L.P. |
KP Tissue Inc. |
francois.paroyan@krugerproducts.ca |
IR@KPTissueinc.com |
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