Sofidel Acquires Clearwater Paper's Tissue Business
November 1, 2024
Sofidel Group (through Sofidel America Corp.) completed the $1.06 billion cash acquisition of Clearwater Paper Corporation's tissue business (CLW Tissue). The deal transfers four U.S. production plants (Shelby, NC; Lewiston, ID; Las Vegas, NV; Elwood, IL) and ~1,700 employees to Sofidel, increasing Sofidel's North American capacity by about 25% and making it the fourth-largest tissue producer in North America; Clearwater Paper will use proceeds to reduce debt and focus on paperboard packaging.
- Buyers
- Sofidel S.p.A., Sofidel America Corp.
- Targets
- Clearwater Paper Corporation - Tissue Business (CLW Tissue)
- Sellers
- Clearwater Paper Corporation
- Industry
- Manufacturing
- Location
- Washington, United States
- Transaction Type
- Divestiture
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