Clearwater Paper to acquire Cellu Tissue Holdings, Inc.
Clearwater Paper Corporation today announced it has agreed to acquire Cellu Tissue Holdings, Inc., an Alpharetta, GA-based integrated manufacturer of tissue products , for approximately $502 million, including equity value of approximately $247 million and net debt of approximately $255 million.
Clearwater Paper in Lewiston is seeking concessions from its two largest unions even though the company had a profit of $182 million in 2009.