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Clearwater Paper to Sell Tissue Business to Sofidel America for $1.06 Billion
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Clearwater Paper to Sell Tissue Business to Sofidel America for $1.06 Billion

Clearwater Paper Corporation, a premier supplier of quality consumer tissue and bleached paperboard, announced that it has entered into a definitive agreement to sell its tissue business to Sofidel America Corporation, a subsidiary of Sofidel S.p.A., a leading manufacturer of paper for hygienic and domestic use, for $1.06 billion, subject to adjustments for debt, cash, transaction expenses and net working capital.

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