B. Riley FBR Acts as Financial Advisor to Clearwater Paper Corporation in Sale of Ladysmith, Wisconsin Facility to Dunn Paper...
September 19 2018 - 9:00AM
B. Riley FBR, Inc., a leading full service investment bank and
wholly-owned subsidiary of B. Riley Financial, Inc., acted as the
financial advisor to Clearwater Paper Corporation in the sale of
its Ladysmith, Wisconsin facility to Dunn Paper, Inc., a strategic
buyer owned by Chicago-based private equity firm, Arbor
Investments, for approximately $72 million.
Clearwater Paper intends to use the net proceeds
to help fund the expansion of its Shelby, North Carolina facility
and opportunistically pay down debt.
Clearwater Paper manufactures consumer tissue,
away-from-home tissue, parent roll tissue, bleached paperboard and
pulp at manufacturing facilities across the nation. The company is
a supplier of private label tissue to major retailers and wholesale
distributors, including grocery, drug, mass merchants and discount
stores. In addition, the company produces bleached paperboard used
by quality-conscious printers and packaging converters, and offers
services that include custom sheeting, slitting and cutting.
This is the third transaction in which B. Riley
FBR served as a financial advisor to Clearwater Paper. The two
previous transactions include Clearwater Paper’s acquisition of
Manchester Industries in December 2016, and the sale of its
specialty products business in December 2014.
“Clearwater greatly values Matthew Spain and the
B. Riley FBR team’s guidance, diligence and support in all
transactions and opportunities in which they have served as our
advisor,” said Russ Johnson, Vice President of Business Development
at Clearwater.
For more information about B. Riley FBR
services, visit www.brileyfbr.com.
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank
which provides corporate finance, research and sales and trading to
corporate, institutional and high net worth individual clients.
Investment banking services include initial, secondary and
follow-on offerings, institutional private placements and merger
and acquisitions advisory services, and corporate restructuring.
The firm is nationally recognized for its highly ranked proprietary
equity research.
About B. Riley Financial,
Inc. (NASDAQ:RILY)B. Riley Financial provides
collaborative financial services and solutions tailored to fit the
capital raising and financial advisory needs of public and private
companies and high net worth individuals. The company operates
through several wholly-owned subsidiaries, including B. Riley
FBR, a full-service investment bank and institutional
brokerage; Great American Group, a leading provider of asset
disposition, appraisal, corporate advisory and valuation
services; GlassRatner, a specialty financial advisory services
and consulting firm; B. Riley Wealth Management, B. Riley
Asset Management and B. Riley Alternatives, which offer
investment management to institutional and high net worth
investors; Great American Capital Partners, which originates
and underwrites senior secured loans for asset-rich companies;
and B. Riley Principal Investments, which invests in or
acquires companies and assets with attractive return profiles.
Media Contact:
Jo Anne McCuskerMedia
Relationsjmccusker@brileyfin.com(646) 885-5425
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