Clearwater Paper Announces Strategic Focus and Initiates Stock Repurchase

Summary

Clearwater Paper Company released an investor presentation highlighting its strategic focus on paperboard packaging and sustainability. The company acquired the Augusta Paperboard Mill, increasing its SBS capacity to 1.4 million tons, and sold its tissue business to reduce debt while maintaining a net leverage ratio of 1-2 times. Clearwater also initiated a new stock repurchase plan, aiming to become a leading supplier in the paperboard packaging industry with commitments to sustainability and strong financial performance.Reuters

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