Press release from CNW Group
Kruger Products Announces Reinvestment by Kruger Inc.
Thursday, April 04, 2013
Kruger Products Announces Reinvestment by Kruger Inc.17:37 EDT Thursday, April 04, 2013
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.
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.