Clearwater Paper Corporationis apulp and paperproduct manufacturer that was created on December 9, 2008, via aspin-offfromPotlatch Corporation.With its headquarters inSpokane, Washington,the new company started with four locations for the manufacture of bleachedpaperboard,consumer tissue, and wood products.[1]
 | |
| Company type | Public |
|---|---|
| NYSE:CLW | |
| Industry | Pulp and paper industry, Private label tissue |
| Founded | 2008 |
| Headquarters | , |
Key people | Arsen Kitch (CEO) |
| Products | paperboard,pulp, tissue products |
| Revenue | $2 billion in sales |
| Divisions | Pulp and paperboard; Consumer products |
| Website | clearwaterpaper.com |
In late 2010, the company acquired Cellu Tissue Holdings, Inc., headquartered inAlpharetta, Georgia,which increased its tissue manufacturing presence in the eastern United States and Canada. The total number of manufacturing sites rose to fourteen, with another in construction.[2]
In November 2011, the company completed the sale of itsLewiston, Idaho,sawmill to Idaho Forest Group ofCoeur d'Alene,Idaho.[3]Today, the company has two divisions: consumer products, and pulp and paperboard.
The company's newest facility atShelby, North Carolina,officially started up in December 2012, producing its first private label through-air-dried (TAD) finished roll and converted tissue paper product to compete with national TAD tissue brands. Clearwater Paper also completed upgrades to its North Las Vegas facility, allowing the facility to produce TAD ultra-bathroom tissue and household towels.
Clearwater Paper is the premier supplier ofprivate labeltissue products to the major retail grocery chains.[4]It supplies more than half of thestore brandbathroom tissue, paper towels, facial tissue and napkins to grocery stores in the United States.[1]
Clearwater Timber Company
editTheClearwater Timber Companywas founded in December 1900 by Frederick Weyerhaeuser and John A. Humbird, who initially logged over 40,000 acres on theClearwater RiverinIdaho.[5]
Clearwater Timber land holdings grew to over 236,000 acres by 1927 when the company started up asawmillon the Clearwater River inLewiston, Idaho.[6]
Economic conditions worsened during theGreat Depressionand the Clearwater Timber Company was acquired byPotlatch Forests Inc.in 1931.
Potlatch
editPotlatch Forests Inc.grew its footprint nationally followingWorld War IIand expanded into manufacturing ofpulpandpaperboardwith the startup of a mill at Lewiston in 1950. A second mill started up inArkansas City, Arkansasin 1977.
Potlatch also enteredtissuemanufacturing in 1953 by buying a mill inPomona, California.In 1963, Potlatch began manufacturingprivate labeltissue products at its Lewiston mill. Potlatch started up a tissue plant inNorth Las Vegas, Nevadain 1993 and expanded to the Midwest in 2000 with a converting line inBenton Harbor, Michigan.[7]Potlatch consolidated its Midwest tissue converting operations inElwood, Illinoisin 2006.[8]
Spin-off from Potlatch
editThespin-offfrom Potlatch Corporation was announced by itsboard of directorsJuly 17, 2008, with the official date for the creation of Clearwater Paper being December 9, 2008. Potlatch Corporation would become a real estate investment trust (REIT) while Clearwater Paper retained Potlatch tissue and paperboard manufacturing facilities.[9]
According to theIRS,the spin-off was ruled to be a tax-free distribution ofstockas Potlatch issued 1shareof Clearwater Paperstockfor every 3.5 shares of Potlatch stock, with fractional shares paid in cash. Clearwater Paper stock begantradingon December 17.[10]
Manufacturing Divisions
editClearwater Paper's facilities in the United States serve two separate divisions—consumer products and pulp and paperboard—within the company.
Consumer Products
editThe consumer products segment manufactures and sellshousehold tissues,including paper towels, napkins, bathroom tissue and facial tissue. It produces over half of the store-brand, household tissues sold in grocery stores in the United States.[citation needed]
The consumer products division produces through-air-dried (TAD)paper towels,as well as premium and value brand towels. It makesnapkinsin ultra, two-ply and three-ply dinner napkins, plus value one-ply luncheon napkins. Thebathroom tissueproduced is mostly two-ply ultra, though other types are manufactured and sold. Thefacial tissuesproduced by the division include ultra lotion facial tissues. Clearwater Paper primarily produces ultra and premium qualities of the tissue it produces, though it does manufacture lower grades as well.
Pulp and paperboard
edit
The company's pulp and paperboard segment manufactures bleachedpaperboard,primarily for the packaging industry.Solid bleached sulfateboard is a type of paperboard that is used in the production offolding cartons,liquid packaging,plates, cups and some commercial printing applications.
The pulp and paperboard segment also producessoftwoodmarket pulp, which is used as the primary raw material in the production of a wide variety of paper products, and slush pulp (excess or waste pulp), which it sends to the consumer products segment.
The pulp and paperboard division operates one facility in Idaho and one in Arkansas.[11]
Facilities
editPrior to the acquisition of Cellu Tissue in 2010, Clearwater Paper operated four facilities in the United States, which were previously owned by Potlatch until the spin-off. Those facilities included Cypress Bend, Arkansas; Elwood, Illinois; Las Vegas, Nevada; and Lewiston, Idaho.
With the acquisition of Cellu Tissue Holdings, Inc., the company purchased 10 additional consumer products facilities at: East Hartford, Connecticut; Ladysmith, Wisconsin; Long Island, New York; Menominee, Michigan; Natural Dam, New York; Oklahoma City, Oklahoma; St. Catharines, Ontario, Canada; Thomaston, Georgia; and Wiggins, Mississippi.
The company's fifteenth facility is located at Shelby, North Carolina.
Clearwater Paper shut its Thomaston, Georgia, facility in December 2013 and its Long Island, New York, facility in February 2014, reducing the number of locations to 13.
Washington
editClearwater Paper's headquarters office is located at 601 West Riverside Avenue,Spokane, Washington,99201.
Environmental Policies
editClearwater Paper also markets a number ofForest Stewardship Council (FSC)products,[citation needed]including the brand Ancora, a high-end,coated,double-side bleached white paperboard. Of the three similar products manufactured in a full variety of sizes in the United States, it is the only one that has on-label FSC certification. Another of Clearwater Paper's brands is Candesce, which is sold for use in premium lines of C1S folding carton as well as paperboard for commercial printing, carded packaging and liquid packaging board. Candesce is the only brand of SBS (solid bleached sulfate) with FSC certification across its full range of calipers.[citation needed]
Clearwater Paper's paperboard mills in Cypress Bend,Arkansas,and Lewiston, Idaho,[12][13][14][15]are also FSC andSustainable Forestry Initiative (SFI)Chain of Custody certified.[16]
References
edit- ^ab"Clearwater Paper Company History".clearwaterpaper.com.RetrievedMay 12,2024.
- ^"Clearwater Paper Completes Acquisition of Cellu Tissue".Paper Age.com.December 27, 2010.RetrievedNovember 9,2011.
- ^Williams, Elaine (October 27, 2011)."Clearwater Paper sells sawmill to Idaho Forest Group".Lewiston Morning Tribune.RetrievedMay 12,2024.
- ^"Clearwater Paper Corp: NYSE:CLW quotes & news".Google.com.July 21, 2016.RetrievedSeptember 10,2016.
- ^"Lumbermen In Idaho".Idaho State University.RetrievedNovember 2,2024.
- ^"Lumbermen In Idaho".Idaho State University.RetrievedNovember 2,2024.
- ^"Big Expansion Set For N. Las Vegas Tissue Plant".Las Vegas Sun.RetrievedNovember 2,2024.
- ^"Potlatch Consolidates Midwest Tissue Converting at Elwood, Illinois; Benton Harbor, Michigan Converting Line to Close".Potlatch Corporation.RetrievedNovember 2,2024.
- ^"Potlatch Board Approves Spin-off of Pulp-Based Businesses".investors.potlatchdeltic.com.July 18, 2008.RetrievedNovember 2,2024.
- ^"In brief: Clearwater Paper now separate from Potlatch".The Spokesman-Review.December 17, 2008.RetrievedMay 12,2024.
- ^"Home".SEC.gov.2015-12-18.Retrieved2016-09-10.
- ^"Huge pulp mill on schedule, president says".Lewiston Morning Tribune.(Idaho). July 18, 1950. p. 12.
- ^"New pulp mill and bridge nearly done at Lewiston".Spokane Daily Chronicle.(Washington). July 28, 1950. p. 5.
- ^"Potlatch reports gains in Lewiston paper mill".Spokesman-Review.(Spokane, Washington). March 24, 1968. p. 30.
- ^Tate, Cassandra (December 24, 1975)."Potlatch: never a rose garden".Lewiston Morning Tribune.(Idaho). p. 1A.
- ^"New SFI Chain-of-Custody Certifications"(PDF).SFI Newsletter.November 1, 2009. p. 2.RetrievedMay 12,2024.