Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.22.24
Pillsbury advised Clearwater Paper Corporation, a premier supplier of private brand tissue products and bleached paperboard, in its definitive agreement to acquire an Augusta, Georgia-based bleached paperboard manufacturing facility from Graphic Packaging Holding Company, a consumer packaging designer and producer.
The transaction value totaled approximately $700 million.
According to a company press release, the transaction is subject to regulatory approvals and is currently expected to close in the second quarter of 2024.
To learn more about the transaction, click here.
The Pillsbury deal team was led by Corporate partner Justin Hovey along with Corporate partners Patrick Devine and Veronica Nunn, senior associate Larissa Roche and associates Isabella Borges, Sheetal Misra, Olivia Fong and Valerie Medina; Antitrust & Competition partner Michael Sibarium and attorney Evan Storm; Executive Compensation & Benefits partners Christine Richardson and Peter Hunt and associate Jennifer Wong; Finance partners Philip Tendler and Joseph Fastiggi, senior associate Olivia Lugar and associate Terrel Ferguson; Global Sourcing & Technology Transactions partner Mario Dottori, special counsel Sarvesh Mahajan and senior associate Jengeih Tamba; Tax partner Julie Divola; Real Estate partner Noa Clark, senior associate Samantha Sharma and associate Cara MacDonald; Intellectual Property counsel Sandro Serra; Insurance Recovery & Advisory partner Alex Lathrop and attorney Bryan Coffey; International Trade senior associate Zachary Rozen and associate Arielle Heffez; Litigation partner Adam Goldberg and associate Fred Ji; Regulatory partner Jeff Knight; and Cybersecurity, Data Protection & Privacy partner Aimee Ghosh.