M&A Deal Summary

Clearwater Paper Acquires Manchester Industries

On December 16, 2016, Clearwater Paper acquired forest products company Manchester Industries from PaperWorks Industries

Acquisition Highlights
  • This is Clearwater Paper’s 1st transaction in the Forest Products sector.
  • This is Clearwater Paper’s 2nd transaction in the United States.
  • This is Clearwater Paper’s 1st transaction in Virginia.

M&A Deal Summary
Date 2016-12-16
Target Manchester Industries
Sector Forest Products
Buyer(s) Clearwater Paper
Sellers(s) PaperWorks Industries
Deal Type Divestiture

Target

Manchester Industries

Richmond, Virginia, United States
website
Manchester Industries, Inc. is a provider of unparalleled service and solutions in paperboard sales, sheeting, and distribution. Manchester is a recycled paperboard mill offers various products.

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Buyer(S) 1

Buyer

Clearwater Paper

Spokane, Washington, United States

website

Category Company
Founded 1900
Sector Forest Products
Employees3,000
Revenue 2.1B USD (2022)
DESCRIPTION

Clearwater Paper manufactures consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the US. Clearwater is a supplier of private label tissue to major retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. Clearwater also produces bleached paperboard used by printers and packaging converters. Clearwater Paper was incorporated in 1900 and is headquartered in Spokane, Washington.

DEAL STATS #
Overall 2 of 3
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-28 Clearwater Paper - Lewiston Sawmill

Spokane, Washington, United States

Clearwater Paper Corp. - Lewiston Sawmill is a provider of planer mill, dry kilns, and related assets along with log and finished goods inventories and timber.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 Clearwater Paper - Ladysmith Wisconsin Facility

Spokane, Washington, United States

Clearwater Paper Corp. - Ladysmith Wisconsin Facility engages in manufacturing of recycled paper and produces bleached paperboard used by quality-conscious printers and packaging converters.

Sell $72M

Seller(S) 1

SELLER

PaperWorks Industries

Fort Washington, Pennsylvania, United States

website

Category Company
Founded 2008
Sector Packaging
Employees1,700
Revenue 600M USD (2014)
DESCRIPTION

PaperWorks Industries is an integrated full-service provider of recycled paperboard and specialized folding cartons for packaging applications. PaperWorks was formed in 2008 and is based in Fort Washington, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Forest Resources

Hartford City, Illinois, United States

Forest Resources LLC is a holding company engaged in manufacturing industrial packaging products, including recycled corrugated medium, kraft, crepe and specialty packaging papers as well as corrugated boxes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Standard Group

Jeffersontown, Kentucky, United States

Standard Group is a converter of custom printed paperboard packaging. Standard Group was founded in 1932 and is based in Jeffersontown, Kentucky.

Buy -
Mergr

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