<b>Irving Tissue Completes Purchase</B>

Irving Tissue concluded the purchase of Procter & Gamble's Toronto tissue plant. Following an agreed transition period, Irving Tissue will also acquire the Royale trademark and brand name.

The plant has the capacity to produce 90,000 tons of tissue a year. The plant increases Irving’s production capacity by 90 percent.

Irving Tissue began in 1988 with the purchase of a tissue mill in Saint John that produces jumbo rolls of tissue for conversion into consumer products.