Clearwater Paper Corporation Announces $1.06 Billion Sale of Tissue Business
Monday, 22 July 2024, 14:12
Clearwater Paper Corporation's Major Sale
On Monday morning, Clearwater Paper Corporation announced it has entered into a definitive agreement to sell its tissue business.
Details of the Agreement
- Buyer: Sofidel America Corporation
- Sale Price: $1.06 billion
- Conditions: Subject to customary closing conditions
Strategic Implications
This deal signifies Clearwater's strategic shift towards optimizing its business portfolio, enabling a more focused approach on core operations.
Conclusion
This significant transaction will allow Clearwater Paper to concentrate on essential growth areas, marking a pivotal moment for the company's future endeavors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.