Clearwater paper announces the closing of the sale of its tissue business

Spokane, wash.--(business wire)--clearwater paper corporation (nyse: clw) (“clearwater paper” or the “company”), today announced the successful completion of the sale of its tissue business to sofidel america corp., a subsidiary of sofidel s.p.a. (“sofidel”), for $1.06 billion in cash, prior to customary purchase price adjustments. the transaction represents a significant step in the company's transformation into a premier independent supplier of paperboard packaging products to north american.
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