KP Tissue holds annual meeting, elects directors by majority vote

MISSISSAUGA, Ontario - KP Tissue Inc. (TSX:KPT), currently trading near its 52-week high at $6.76 and offering a notable 7.76% dividend yield, announced Monday that shareholders elected all proposed director candidates to the company’s Board of Directors during its Annual Meeting.

The four directors—François Vimard, James Hardy, Sarah Kruger, and John Jay Wright—were each elected by a significant majority, receiving between 96.24% and 97.03% of votes cast by shareholders present or represented by proxy at the meeting.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company’s auditors with 98.25% of votes in favor, according to a press release statement.

KP Tissue was established to hold a limited equity interest in Kruger Products, currently maintaining a 12.3% stake in the company. Kruger Products manufactures tissue products for household, industrial, and commercial use in North America.

The tissue manufacturer operates ten production facilities across North America and employs approximately 3,000 people. In Canada, the company sells products under brands including Cashmere, Purex, and SpongeTowels, while in the U.S. it produces the White Cloud brand and various private label products.

In other recent news, KP Tissue Inc. reported a notable 13.9% increase in revenue for the first quarter of 2025, reaching $546.1 million. This growth was accompanied by a 13% improvement in adjusted EBITDA, which totaled $75.8 million. The company’s consumer segment saw a substantial revenue rise of 15.1% to $465.2 million, while the Away From Home segment experienced a 7.7% increase. Analysts from CIBC Capital Markets and TD Cowen engaged with KP Tissue during the earnings call, discussing topics such as potential tariff impacts and future growth strategies. CEO Dino Bianco expressed optimism about continued sales growth throughout the year, emphasizing the importance of the company’s "Made in Canada" positioning. The firm also announced its plans for a potential Through-Air-Dried (TAD) expansion in the latter half of 2025. Despite the positive financial results, the company faces challenges such as rising pulp prices and potential market volatility due to trade uncertainties.

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