Brazil’s Suzano SA is exploring a potential acquisition of Clearwater Paper Corp., working with an advisor for the deal. Clearwater, based in Washington, has seen a significant decline in its market value this year, while Suzano continues to expand in the U.S. market.
Brazil’s Suzano SA is currently considering a potential acquisition of Clearwater Paper Corporation, as disclosed by sources familiar with the situation. The company is collaborating with an advisor to facilitate this process, although it remains uncertain whether a transaction will be reached. Both Suzano and Clearwater representatives have opted not to comment on the ongoing discussions regarding this confidential matter.
Suzano SA stands as the largest provider of hardwood market pulp in North America and has been strategically expanding its presence in the U.S. Recently, the firm made headlines by acquiring two paperboard mills located in Arkansas and North Carolina for a total of $110 million. Clearwater Paper, headquartered in Spokane, Washington, specializes in pulp and paperboard products and has faced financial volatility, reflected in its market capitalization of $409 million and a decline of 31.6% in its stock price this year.
In summary, while Suzano SA is evaluating a possible offer for Clearwater Paper Corp., the outcome of these talks remains uncertain without confirmation of a definitive agreement. The situation highlights Suzano’s continued efforts to strengthen its operations in the North American market, amid Clearwater’s struggles in maintaining stable financial performance.
Original Source: www.bnnbloomberg.ca
