Sofidel America completed the acquisition of the tissue business of Clearwater Paper for $1.06bn.

Sofidel America, a tissue paper producer, completed the acquisition of the tissue business of Clearwater Paper, a pulp and paper product manufacturer, for $1.06bn. "This transaction makes Sofidel the fourth largest tissue paper manufacturer in North America, and strengthens its leadership in the Private Label sector, a market that is growing further. A step that brings the goal of having equivalent revenues on both sides of the Atlantic Ocean much closer. A crucial acquisition for the future of Sofidel as a whole," Luigi Lazzareschi, Sofidel CEO.