Montreal-based Kruger Inc. is a manufacturing company that aims to bring innovation and sustainability to traditional industry sectors, such as pulp and paper, tissue products, containerboard, and corrugated packaging.
Kruger acquired a “mothballed” tissue manufacturing facility in Memphis, and sought assistance from the Boyette team to determine where the company’s newest investments in technology would be best suited. Kruger worked with Boyette to assess whether the company should grow, modernize, and expand the newly acquired facility in Memphis, as opposed to expanding their current operations in Canada.
For this particular project, Boyette conducted an extensive analysis of the benefits and incentives Kruger could receive by choosing to invest $276 million in the Memphis facility, creating 100 new jobs and retaining 294 jobs. The realized state and local incentive opportunities were valued at nearly $70 million, which included an expansion of an existing
Payment-in-Lieu of Taxes (PILOT) agreement by Shelby County, as well as offering an aggressive property tax on the new investment.
Kruger ultimately expanded in Memphis and opened the modernized facility in 2013.