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<ul><li>CLW sells tissue business to Sofidel America for $1.06 billion, expected to close in late 2024</li><li>Proceeds will be used to reduce debt and invest in other SBS grades, despite slightly weaker Q2 performance</li><li>Despite stock price surge to $55, currently trading at $30, CLW remains #2 Paperboard producer of SBS grades in US, recently acquired paperboard mill from Graphic Packaging for $700 million</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

CLW sells tissue business to Sofidel America for $1.06 billion, expected to close in late 2024Proceeds will be used to reduce debt and invest in other SBS grades, despite slightly weaker Q2 performanceDespite stock price surge to $55, currently trading at $30, CLW remains #2 Paperboard producer of SBS grades in US, recently acquired paperboard mill from Graphic Packaging for $700 millionThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Clearwater Paper Corp (CLW) - Monday, Sep 30, 2024

United States

Clearwater Paper Corp. manufactures consumer tissue, bleached paperboard, and wood products.  The Company supplies private label tissue to major retail grocery chains and produces bleached paperboard that is used by printers and packaging converters.

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Clearwater Paper (CLW US)

Clearwater Paper Corp (CLW) - Monday, Sep 30, 2024

CLW sells tissue business to Sofidel America for $1.06 billion, expected to close in late 2024. Proceeds will be used to reduce debt and invest in...

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