DAILY NEWS Jun 4, 2014 10:24 AM - 0 comments

Kruger Products acquires Metro Paper's tissue converting assets

TEXT SIZE bigger text smaller text

Kruger Products L.P. has completed the acquisition of all of Metro Paper Industries Inc.'s (MPI) Canadian tissue converting assets, located in Trenton, Ont., and Scarborough, Ont., for a total cash consideration of $23.5 million.  The deal includes Metro's entire North American Away-From-Home (AFH) customer base as well as a non-compete agreement. Metro's revenues in 2013 were approximately $65 million, split equally between the U.S. and Canada.

“We are excited about the opportunity to add the complementary product lines to our growing AFH business and this acquisition will immediately provide much needed additional capacity. As the AFH market leader in Canada, we are committed to building on our leadership position and driving our company forward," said Mario Gosselin, CEO, KPLP.

Kruger Products L.P. is a Canadian manufacturer of tissue products for household, industrial and commercial use

Metro Paper Industries is a privately-held manufacturer of recycled paper products. According to the company's web site, it operates a paper mill in Portneuf, Que., and supplies a wide range of disposable paper products, including table napkins, towels, tissue, lunch bags and placemats.

Companies in This Story

Kruger Products LP

Monitor These Topics

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields