MISSISSAUGA, Ontario, July 04, 2024 (GLOBE NEWSWIRE) — KP Tissue Inc. (TSX: KPT) which has a restricted fairness curiosity in Kruger Merchandise Inc. (the Firm), is happy to announce that the 482 unionized staff at its Crabtree plant and Joliette warehouse have ratified a brand new five-year collective settlement.
We imagine that this new collective settlement, which was really helpful by the union bargaining committee, is in the most effective curiosity of all events. This settlement permits our staff to proceed to get pleasure from a aggressive compensation bundle whereas restarting tissue operations to serve the wants of our prospects. acknowledged Dino Bianco, CEO of the Firm.
About KP Tissue Inc. (KPT)
KPT was created to accumulate, and its enterprise is restricted to holding, a restricted fairness curiosity in Kruger Merchandise, which is accounted for as an funding on the fairness foundation. KPT at the moment holds a 12.8% curiosity in Kruger Merchandise. For extra info go to www.kptissueinc.com.
About Kruger Merchandise Inc.
Kruger Merchandise is Canada’s main producer of high quality tissue merchandise for family, industrial and business use. Kruger Merchandise has roughly 2,800 staff and operates ten FSC ® COC-certified (FSC ® C-104904) manufacturing amenities in North America. For extra info go to www.krugerproducts.ca.
For extra info:
Mr. François Paroyan
SVP, Normal Counsel & Company Affairs
francois.paroyan@krugerproducts.ca
905-812-6936
Supply: KP Tissue Inc.