PG - Clearwater Paper: Bolt Moves

2024-03-08 17:28:17 ET

Summary

• Clearwater Paper Corporation is doubling its focus on paperboard and looking to exit the tissue business.
• The company is a top 5 manufacturer of paperboard and serves a range of end markets.
• Clearwater Paper recently announced a $700 million deal to acquire a bleached paperboard manufacturing facility, to double down on its activities in this market.

Shares of Clearwater Paper Corporation ( CLW ) surfaced on my radar as the paper business announced a substantial acquisition recently. The company is doubling its focus on paperboard and is looking to get out of the more competitive tissue business, in which it holds a smaller market share....

For further details see: