Deal announced for sale of bleached paperboard manufacturing facility

  • Graphic Packaging to sell bleached paperboard manufacturing facility for $700 million
  • Facility located in Augusta, Ga.
  • Sale to Clearwater Paper expected to close in Q2 2024
  • Sale price based on adjusted Ebitda of $100 million
  • Graphic Packaging to continue servicing bleached paperboard demand from Texarkana facility
  • Clearwater Paper supplies private brand tissues and bleached paperboard

Graphic Packaging Holding has agreed to sell its bleached paperboard manufacturing facility in Augusta, Ga. for approximately $700 million. The sale, which is expected to close in the second quarter of 2024, will see the facility being acquired by Clearwater Paper. The sale price of the facility was determined based on an adjusted Ebitda of $100 million. Despite the sale, Graphic Packaging will continue to meet the demand for bleached paperboard from its Texarkana facility. Clearwater Paper, on the other hand, is a supplier of private brand tissues and bleached paperboard.

Factuality Level: 9
Factuality Justification: The article provides factual information about Graphic Packaging Holding selling its bleached paperboard manufacturing facility to Clearwater Paper for about $700 million. It includes details such as the location of the plant, the expected closing date of the sale, the basis for the sale price, and the plans for servicing bleached paperboard demand from another facility.
Noise Level: 3
Noise Justification: The article provides relevant information about Graphic Packaging Holding selling its bleached paperboard manufacturing facility to Clearwater Paper for $700 million. It includes details about the sale price, expected closing date, and the company’s plans to continue servicing demand from another facility. The article stays on topic and provides factual information without unnecessary details or repetition.
Financial Relevance: Yes
Financial Markets Impacted: The sale of Graphic Packaging’s bleached paperboard manufacturing facility may impact the financial performance of both Graphic Packaging and Clearwater Paper.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial transaction involving the sale of a manufacturing facility. There is no mention of any extreme event or its impact.
Public Companies: Graphic Packaging Holding (Unknown), Clearwater Paper (Unknown)
Key People:

Reported publicly: www.marketwatch.com