# 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.

- Type: Acquisition
- Announced: 2024-02-25
- Where: Augusta, United States
- Value: $700.0M
- Status: announced
- Products: bleached paperboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Clearwater Paper](https://endata.com/companies/670.md) (acquirer)
- [Graphic Packaging](https://endata.com/companies/1387.md) (partner)

## Sources

- [borderless.net](https://www.borderless.net/news/advanced-industrial-solutions/graphic-packaging-offloads-us-paperboard-manufacturing-plant-in-big-money-deal/), 2024-02-25: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.