Kruger Products Announces Price Increase in Canada
08 Luglio 2024 - 11:50PM
Kruger Products Inc. (“KPI”), a company in which KP Tissue Inc.
(TSX: KPT) holds a limited equity interest, announced today that it
will be increasing the price of its consumer branded and private
label tissue products sold in Canada effective, September 2, 2024.
The increase will be in the high single digits and is required to
offset significant and rapidly escalating commodity costs and
inflation.
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 12.8%
interest in Kruger Products. For more information
visit www.kptissueinc.com.
About Kruger Products
Inc.Kruger Products is Canada's leading manufacturer of
quality tissue products for household, industrial and commercial
use. Kruger Products has approximately 2,800 employees and operates
ten FSC® COC-certified (FSC® C-104904) 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 KPI'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 Inc. |
KP Tissue Inc. |
francois.paroyan@krugerproducts.ca |
IR@KPTissueinc.com |
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