MISSISSAUGA, ON, April 4, 2013 /CNW Telbec/ - Kruger Products L.P. ("KPLP") has been advised that its majority owner, a wholly-owned subsidiary of Kruger Inc., will reinvest $4,666,689, representing 50% of the majority owner's quarterly distribution payable on April 15, 2013, and also intends to reinvest a significant portion of future KPLP distributions it receives.
About Kruger Products L.P.
Kruger Products L.P. (FSC® C104904) is Canada's leading manufacturer of quality tissue products
for household, industrial and commercial use. Kruger Products L.P.
serves the Canadian consumer market with such well-known brands as
Cashmere®, Purex®, SpongeTowels®, Scotties®' and White Swan®. In the U.S., Kruger Products L.P. manufactures the White Cloud® brand, as well as many private label products. Kruger Products L.P. has
approximately 2,300 employees across North America and operates five
FSC® CoC-certified mills, four of which are located in Canada and one in the
US. For more information, visit www.krugerproducts.ca.
Forward-Looking Statements
Certain statements in this press release about Kruger Inc.'s intentions
constitute forward-looking statements. The forward-looking information
is based on certain key expectations and assumptions made by Kruger
Inc., including expectations and assumptions concerning its cash
requirements. No assurance can be given that such expectations and
assumptions will prove to be correct. The forward-looking information
contained herein is made as of the date of this press release and KPLP
undertakes no obligation to publicly update such forward-looking
information to reflect new information, subsequent or otherwise, unless
required by law.
SOURCE: KP Tissue Inc.