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News Breaks
March 6, 2013
07:58 EDTCLWClearwater Paper to close Thomaston, Ga., tissue converting facility
Clearwater Paper announced the planned permanent closure of its Thomaston, Ga., tissue converting and distribution facility. The gradual shutdown of converting equipment will occur on a schedule throughout the year, with some operations running into Q1 2014, affecting a total of 150 employees. Displaced Thomaston employees will be given an opportunity to apply for open positions at other Clearwater Paper facilities. The company expects the total impact of non-recurring exit-related costs to be approximately $6M-$7M of which approximately $4M-$5M will be incurred in 2013. The cost savings benefits resulting from the equipment relocation and converting facility optimization are expected to be fully realized beginning in Q4 2014.
News For CLW From The Last 14 Days
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December 15, 2014
16:30 EDTCLWClearwater Paper announces $100M share repurchase plan
Clearwater Paper announced that its board of directors has authorized the repurchase of up to $100M of the company’s common stock, demonstrating the company’s strong balance sheet and positive outlook on its business. This authorization follows the successful completion of the company’s previous $100M stock repurchase authorization, which was implemented by the board in February 2014. Clearwater Paper expects to fund the repurchase through available cash.

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