Clearwater Paper sells consumer products division to Sofidel for $1.06B

Clearwater Paper Corp

Purchase price of $1.06B, subject to debt/cash/expense adjustments; $450M deposited into escrow at signing.
Buyer acquires Clearwater Paper Tissue LLC (Las Vegas, Elwood, Shelby plants) and Lewiston ID assets via MIPA and APA.
Transaction expected to close in Q4 2024, subject to HSR and other customary closing conditions.
Buyer parent (Sofidel S.p.A.) obtained €600M debt commitments and provided a guaranty for the purchase obligations.
Seller will provide transition services and lease Lewiston facility post-closing under ancillary agreements.

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