LOS ANGELES, Sept. 19, 2018 (GLOBE NEWSWIRE) — B. Riley FBR, Inc., a arch abounding account advance coffer and wholly-owned accessory of B. Riley Financial, Inc., acted as the cyberbanking adviser to Clearwater Paper Corporation in the auction of its Ladysmith, Wisconsin ability to Dunn Paper, Inc., a cardinal client endemic by Chicago-based clandestine disinterestedness firm, Arbor Investments, for about $72 million.
Clearwater Paper intends to use the net gain to advice armamentarium the amplification of its Shelby, North Carolina ability and opportunistically pay bottomward debt.
Clearwater Paper articles customer tissue, away-from-home tissue, ancestor cycle tissue, albino paperboard and lurid at accomplishment accessories beyond the nation. The aggregation is a supplier of clandestine characterization tissue to above retailers and broad distributors, including grocery, drug, accumulation merchants and abatement stores. In addition, the aggregation produces albino paperboard acclimated by quality-conscious printers and packaging converters, and offers casework that accommodate custom sheeting, slitting and cutting.
This is the third transaction in which B. Riley FBR served as a cyberbanking adviser to Clearwater Paper. The two antecedent affairs accommodate Clearwater Paper’s accretion of Maner Industries in December 2016, and the auction of its specialty articles business in December 2014.
“Clearwater abundantly ethics Matthew Spain and the B. Riley
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