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Sofidel will assume about 500 of the 1,300 employees at Clearwater Paper's pulp, paper mill in Lewiston, Idaho, under deal for Sofidel to buy Clearwater's tissue business for US$1.06B; Clearwater will maintain its pulp, paperboard operations at the site
Published: July 25, 2024 by Idaho Statesman
RBC: Sentiment positive on Clearwater Paper selling tissue business to Sofidel for US$1.06B; transaction price in line with expectations, and sale proceeds should allow Clearwater to delever after acquisition of paperboard facility in Augusta, Georgia
Published: July 25, 2024 by RBC Capital Markets LLC
Clearwater Paper expects proceeds of US$850M from sale of tissue business to Sofidel; Clearwater's tissue business 'delivered excellent financial and operational performance,' but it 'needs scale and investment to drive growth over the longer term': CEO
Published: July 23, 2024 by Packaging Dive
Moody's places Clearwater Paper's Ba2 rating under review for downgrade following tissue sale announcement
Published: July 22, 2024 by Moody's Investors Service
Clearwater Paper to sell tissue business to Sofidel America for US$1.06B, with deal expected to close in late 2024; move marks next step in Clearwater's transformation to become a premier independent supplier of paperboard to North American converters
Published: July 22, 2024 by Business Wire

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