CLW - Clearwater Paper to permanently close Neenah Wisconsin facility

Clearwater Paper Corporation ([[CLW]] +1.5%) intends to exit the away from home business by the end of July 2021 by permanently shutting its Neenah, Wisconsin facility, removing a total paper production capacity of ~54,000 tons. “Despite the best efforts of our dedicated employees, our Neenah location and assets cannot cost effectively compete in the markets that we serve,” said Arsen Kitch, president and chief executive officer. “This was a difficult decision, because it affects our people, their families and the Neenah community.” The closure will impact ~290 employees. Clearwater Paper acquired the Neenah mill in 2010 and produced private brand tissue products for commercial and retail customers at the mill.

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Clearwater Paper to permanently close Neenah, Wisconsin facility