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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

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

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

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

Sofidel sponsors Lucca Film Festival 2024 and short film competition, Lucca Film Festival for Future, reserved for issues related to the protection of the future from both an environmental and social point of view

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