Kruger Products $50M Investment & Economic Development Support

November 21, 2016

Kruger Products is investing over $50M in a Bay of Quinte-based expansion that includes repurposing an existing 300,000 square foot building

To get to this point, the Quinte Economic Development Commission (QEDC) helped Kruger Products apply for an Ontario Jobs and Prosperity Loan resulting in a $10M loan, an important financial boost to their $50M investment in the Bay of Quinte.

The QEDC has a history of helping local companies expand, so Kruger management knew they could rely on them for help with their new project idea. In 2010, QEDC and the City of Quinte West worked to bring Metro Paper, a manufacturer run by entrepreneurs, to the community.  QEDC helped Metro Paper access programs and resources allowing the company to grow and eventually be purchased by Kruger Products in 2014.

“Everything was perfect. Without that collaboration this project never would have happened. It made the company’s investment a lot easier,” said Kruger’s CEO Mario Gosselin.

Kruger Products already provides Quinte West with 100 jobs – a number that will grow to over 300. Employing 2,500 workers in North America, Kruger is the maker of well-known household paper products Cashmere, Scotties and Sponge Towels.

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Find out more about QEDC’s role helping Kruger Products and other businesses succeed in Bay of Quinte. Read the whole story.