Sofidel to Acquire Clearwater Paper Corporation’s Tissue Business

Cleary Gottlieb is representing Sofidel America Corp. (Sofidel) in its proposed acquisition of Clearwater Paper Corporation’s tissue business (CLW Tissue).

The transaction was announced on July 22, 2024. The transaction is expected to close in 2024, subject to receipt of customary regulatory approvals and satisfaction of other customary closing conditions.

The acquisition marks a significant milestone in Sofidel’s growth path in North America, where Sofidel has been present for more than 10 years.

Founded in 1966, the Sofidel Group, headquartered in Porcari (Lucca), Italy, is one of the world leaders in the production of paper for hygiene and household use.

CLW Tissue is a premier player in the growing North American tissue market, providing high-quality tissue products to key retailers operating across multiple channels, including grocery, club, mass merchants, and discount stores. CLW Tissue operates through an integrated network of four manufacturing facilities across the United States.

For more information, please see the press release here.