M&A Deal Summary

Clearwater Paper Acquires Graphic Packaging - Augusta Paperboard Manufacturing Facility

On February 20, 2024, Clearwater Paper acquired packaging company Graphic Packaging - Augusta Paperboard Manufacturing Facility from Graphic Packaging for 700M USD

Acquisition Highlights
  • This is Clearwater Paper’s 1st transaction in the Packaging sector.
  • This is Clearwater Paper’s largest (disclosed) transaction.
  • This is Clearwater Paper’s 3rd transaction in the United States.
  • This is Clearwater Paper’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2024-02-20
Target Graphic Packaging - Augusta Paperboard Manufacturing Facility
Sector Packaging
Buyer(s) Clearwater Paper
Sellers(s) Graphic Packaging
Deal Type Divestiture
Deal Value 700M USD

Target

Graphic Packaging - Augusta Paperboard Manufacturing Facility

Augusta, Georgia, United States
Graphic Packaging's Augusta Paperboard Manufacturing Facility provides bleached paperboard manufacturing services.

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Buyer(S) 1

Buyer

Clearwater Paper

Spokane, Washington, United States
Category Company
Founded 1900
Sector Forest Products
Employees3,100
Revenue 2.1B USD (2023)
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 3 of 3
Sector (Packaging) 1 of 1
Type (Divestiture) 2 of 2
State (Georgia) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Clearwater Paper - Tissue Business

Spokane, Washington, United States

Clearwater Paper's Tissue Business is a provider of paperboard and is based in Spokane, Washington.

Sell $1.1B

Seller(S) 1

SELLER

Graphic Packaging

Atlanta, Georgia, United States
Category Company
Founded 2007
Sector Packaging
Employees23,500
Revenue 9.4B USD (2023)
DESCRIPTION
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.

Graphic Packaging is a packaging company. Graphic Packaging produces a range of paperboard grades convertible into folding cartons that are used primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids. Graphic Packaging was founded in 2007 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 2 of 2
Type (Divestiture) 2 of 2
State (Georgia) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 AR Packaging

Malmo, Sweden

AR Packaging is a producer of fiber-based consumer packaging. The Company is divided into three divisions: Branded Products (tobacco and confectionery), Barrier Packaging (performance packaging, flexibles) and Food (food/consumer goods and food services). AR Packaging is based in Malmo, Sweden.

Buy $1.5B
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