Clearwater Paper - M&A Summary and Business Overview

Forest ProductsCompany

Clearwater Paper M&A Summary

Clearwater Paper has acquired 3 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Clearwater Paper’s largest acquisition to date was in 2024, when it acquired Graphic Packaging - Augusta Paperboard Manufacturing Facility for $700M. It’s largest disclosed sale occurred in 2018, when it sold Clearwater Paper - Ladysmith Wisconsin Facility to Dunn Paper for $72M. Clearwater Paper has acquired in 2 different US states. The Company’s most targeted sectors include consumer products (34%) and forest products (34%).

Clearwater Paper Business Overview

Where is Clearwater Paper headquartered?

Clearwater Paper is headquartered in Spokane, Washington.

What is Clearwater Paper’s revenue?

Clearwater Paper disclosed revenue of 2,080M USD for 2022 and 1,773M USD for 2021.

How many employees does Clearwater Paper have?

Clearwater Paper has 3,000 employees.

What sector is Clearwater Paper in?

Clearwater Paper is a forest products company.

When was Clearwater Paper founded?

Clearwater Paper was founded in 1900.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

Clearwater Paper

Clearwater Paper Corp.

601 West Riverside Avenue, Suite 1100,
Spokane, Washington 99201
United States,
(509) 344-5900
www.clearwaterpaper.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - - 1 3
vol $502M $700M $1.2B
Sell (0.0/yr) # 2 - - - - - 2
vol $102M $102M
  5

Most Recent M&A

Company Date Value Type
Graphic Packaging - Augusta Paperboard Manufacturing Facility 2024-02-20 700M USD Divestiture
Augusta, Georgia
Clearwater Paper Corp. - Ladysmith Wisconsin Facility 2018-08-21 72M USD Divestiture
Spokane, Washington
Manchester Industries, Inc. 2016-12-16 - Divestiture
Richmond, Virginia · www.manind.com
Clearwater Paper Corp. - Lewiston Sawmill 2011-11-28 30M USD Divestiture
Spokane, Washington
Cellu Tissue Holdings, Inc. 2010-12-27 502M USD Add-on Acquisition
Alpharetta, Georgia · www.cellutissue.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Forest Products 1 (33%) - 2 (100%) 102M (100%)
Consumer Products 1 (33%) 502M (42%) - -
Packaging 1 (33%) 700M (58%) - -
Total 3 $1.2B 2 $102M

By Geo

State/Country Buy Value Sell Value
United States 3 1.2B 2 102M
  Georgia 2 1.2B - -
  Washington - - 2 102M
  Virginia 1 - - -
Total 3 $1.2B 2 $102M

Top M&A Advisors

Financial Deals
B. Riley FBR, Inc.
 1
TD Securities
 1
BofA Securities
 1
Legal Deals
Pillsbury Winthrop Shaw Pittman LLP
 3

Deal Values

buy # Total
$100M to $1B 2 $1.2B
TOTAL $1.2B
Largest Graphic Packaging - Augusta Paperboard Manufacturing Facility
$700M (2024-02-20)
sell # Total
< $100M 2 $102M
TOTAL $102M
Largest Clearwater Paper Corp. - Ladysmith Wisconsin Facility
$72M (2018-08-21)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Forest Products

Revenue

2,080   18% 2022
1,773   6% 2021
1,869   7% 2020
1,762   3% 2019
1,724   1% 2018
1,730   1% 2017
1,735   1% 2016
1,752   11% 2015
1,967   5% 2014
1,889   1% 2013
1,874   2012
(millions of USD) Show More Show Less

Employees

3,000

Established

1900

Public

NYSE: CLW

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