Kruger Products L.P. (KPLP), Mississauga, Ont., Canada, reports 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, and also intends to reinvest a significant portion of future KPLP distributions it receives.
KPLP is a producer of tissue products for household, industrial, and commercial use. It serves the Canadian consumer market with brands such as Cashmere®, Purex®, SpongeTowels®, Scotties®' and White Swan®. In the U.S., KPLP produces the White Cloud® brand, as well as various private label products. The company has some 2,300 employees across North America and operates five mills, four of which are located in Canada and one in the U.S.
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