FOR IMMEDIATE RELEASE. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
MISSISSAUGA, Ontario, June 29, 2022 (GLOBE NEWSWIRE) — 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, October 3, 2022. The increase will be in the high single digits and is required to offset the significant and continued market inflation across 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 14.3% 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® C-104904) production facilities in North America. For more information visit www.krugerproducts.ca.
Forward Looking Information
Forward-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 |
