KP Tissue shareholders approve board members amid strong Q1 growth

KP Tissue Inc. announced that all nominated directors were elected to the Board during its Annual Meeting. François Vimard, James Hardy, Sarah Kruger, and John Jay Wright were each elected with between 96.24% and 97.03% of shareholder votes. The appointment of PricewaterhouseCoopers LLP as auditor was also approved with 98.25% support.

The company was created to hold a limited equity interest in Kruger Products, in which it currently holds a 12.3% stake. Kruger manufactures tissue products for residential, commercial, and industrial use across North America, operating ten production facilities and employing about 3,000 people. In Canada, its brands include Cashmere, Purex, and SpongeTowels; in the U.S., it produces White Cloud and private label products.

 

In its Q1 2025 financial results, KP Tissue reported a 13.9% increase in revenue, reaching US$546.1 million, while adjusted EBITDA rose 13% to US$75.8 million. Revenue in the consumer segment climbed 15.1% to US$465.2 million, and the Away From Home segment saw a 7.7% increase.

CEO Dino Bianco expressed confidence in sustained sales momentum, emphasizing the importance of the company’s “Made in Canada” positioning. He also announced plans for a potential Through-Air-Dried (TAD) expansion in the second half of 2025. Analysts from CIBC Capital Markets and TD Cowen joined the earnings call to discuss tariff impacts and growth strategies. Despite solid results, the company remains alert to challenges such as pulp price increases and market volatility due to trade uncertainties.