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Kenogami Industries Inc. buys Kruger Industries

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THUNDER BAY, ON - December 15, 2009 - Kenogami Industries Incorporated is pleased KIIto announce that they have purchased the assets of Kruger Industries in the community of Longlac that operated as Longlac Wood Industries.

Kenogami Industries Incorporated (KII) is a partnership between Rocky Shore Development Corporation of Ginoogaming First Nation, Boreal Resource Industries a group of private interests composed of former Longlac Wood Industries workers and other forest industry representatives and Greenstone Development Ltd., the economic development arm of the Municipality of Greenstone.  This is a unique partnership that came together with the goal of maintaining the former Kruger site and seeking other interests to create jobs and economic activity with value-added products and any other forestry related opportunities.

The Board of KII is comprised of equal numbers of each of the partners.  “This was an opportunity we could not resist”, said Greenstone Mayor Michael Power who is the Chair of the Board of KII.  Councillor Jerry Echum said, “This may provide an economic opportunity for employment for the people of Ginoogaming”.  Andre Blanchard, President of Boreal Resource Industries said, “Although LWI served the surrounding communities for many years, we at BRI are excited at the prospects of new jobs being created in the area”.

Kruger Industries was very supportive of this initiative and facilitated the transfer of the land, buildings, equipment and legacy wood assets to KII.  This will allow KII to seek interested investors going forward.

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