Clearwater Paper Corp - Company Profile
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Clearwater Paper Corp (Clearwater Paper) is a provider of packaging solutions. The company provides pulp and solid bleached sulfate paperboard used for folding cartons, liquid packaging, cups, and custom commercial printing. It offers products under Velora, Candesce, ReMagine, and NuVo brands. Clearwater Paper offers services such as customized paperboard sheeting, precision slitting, high-speed distribution, and technical support for independent converters and commercial printers. The company serves independent converters across the pharmaceutical, cosmetics, food service, and liquid packaging industries. It operates manufacturing facilities in the US. Clearwater Paper is headquartered at Spokane, Washington, the US.
Headquarters
United States of America
Address
Suite 1100, 601 West Riverside Avenue, Spokane, Washington, 99201
Website
www.clearwaterpaper.com
Telephone
1 509 3445900
No of Employees
1,900
Industry
Paper and Packaging
Ticker Symbol & Exchange
CLW (NYSE)
Revenue (2024)
$1.6B
12.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-109.5%
(2024 vs 2023)
Market Cap*
$271.2M
Net Profit Margin (2024)
XYZ
-108.5%
(2024 vs 2023)
* As of and is in US$
Clearwater Paper Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Paperboard and Folding Carton: | Custom Sheeting | Velora |
| Solid Bleached Sulfate | Slitting and Cutting | Candesce |
| Recycled Paperboard | Liquid Packaging Services | ReMagine |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Divestiture | In November, the company sold its consumer products division to Sofidel America Corp. |
| 2024 | Others | In June, the company invested US$23 million in Shelby, N.C for its newest facial tissue line at Shelby, North Carolina. |
| 2024 | Acquisitions/Mergers/Takeovers | In May, the company acquired Augusta to build a more scaled paperboard business in Georgia. |
Competitor Comparison
| Key Parameters | Clearwater Paper Corp | Smurfit WestRock Plc | International Paper Co | UPM-Kymmene Corp | Stora Enso Oyj |
|---|---|---|---|---|---|
| Headquarters | United States of America | Ireland | United States of America | Finland | Finland |
| City | Spokane | Dublin | Memphis | Helsinki | Helsinki |
| State/Province | Washington | Dublin | Tennessee | Kainuu | - |
| No. of Employees | 1,900 | 97,000 | 30,421 | 14,801 | 18,055 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Alexander Toeldte | Chairman | Executive Board | 2018 | 66 |
| Arsen S. Kitch | Chief Executive Officer; Director; President | Executive Board | 2020 | 44 |
| Sherri J. Baker | Chief Financial Officer; Senior Vice President | Senior Management | 2023 | 53 |
| Matthew D. Passarello | Senior Vice President - Supply Chain and Corporate Development | Senior Management | 2025 | 34 |
| Marc D. Rome | Senior Vice President; General Counsel; Secretary | Senior Management | 2025 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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