Graphic Packaging sells Augusta paperboard plant to Clearwater Paper for $700M

Graphic Packaging agreed to sell its Augusta, US bleached paperboard manufacturing facility to Clearwater Paper for US$700 million, based on about US$100 million Adjusted EBITDA. The deal is subject to regulatory approvals and expected to close in Q2 2024.

“Augusta is an outstanding asset with a great team, which we concluded is a more compelling fit with Clearwater Paper's strategic growth plans than our own.”borderless.net

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• borderless.netGraphic Packaging offloads US paperboard manufacturing plant in big money deal - BorderlessFeb 25, 2024

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