M&A Deal Summary

Sofidel Acquires Clearwater Paper - Tissue Business

On July 22, 2024, Sofidel acquired packaging company Clearwater Paper - Tissue Business from Clearwater Paper for 1.1B USD

Acquisition Highlights
  • This is Sofidel’s 1st transaction in the Packaging sector.
  • This is Sofidel’s largest (disclosed) transaction.
  • This is Sofidel’s 1st transaction in the United States.
  • This is Sofidel’s 1st transaction in Washington.

M&A Deal Summary

Date 2024-07-22
Target Clearwater Paper - Tissue Business
Sector Packaging
Buyer(s) Sofidel
Sellers(s) Clearwater Paper
Deal Type Divestiture
Deal Value 1.1B USD

Target

Clearwater Paper - Tissue Business

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

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Buyer(S) 1

Buyer

Sofidel

Porcari, Italy

Category Company
Founded 1966
Sector Packaging
DESCRIPTION

Sofidel is a manufacturer of paper for hygienic and domestic uses. Sofidel was founded in 1996 and is based in Porcari, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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) 3 of 3
State (Washington) 3 of 3
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Graphic Packaging - Augusta Paperboard Manufacturing Facility

Augusta, Georgia, United States

Graphic Packaging's Augusta Paperboard Manufacturing Facility provides bleached paperboard manufacturing services.

Buy $700M