Profile: Clearwater Paper Corp (CLW.N)
27 Nov 2015
Clearwater Paper Corporation, incorporated on October 7, 2005, is a producer of private label tissue and bleached paperboard products. The Company is engaged in manufacturing quality consumer tissue, away-from-home (AFH) tissue, parent roll tissue, bleached paperboard and pulp. The Company operates in two segments: Consumer Products segment and Pulp and Paperboard segment. Its products are wood pulp-based and are manufactured in the United States. The Company supplies private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the Company's bleached paperboard are used by printers and packaging converters.
Consumer Products Segment
The Company's Consumer Products segment manufactures and sells a line of at-home tissue products, as well as AFH products. The United States tissue market is divided into two market segments: the at-home or consumer retail purchase segment and the AFH segment. The United States at-home tissue segment consists of bath, paper towels, facial and napkin products categories. At-home tissue producers are comprised of companies that manufacture branded tissue products, private label tissue products, or both. Branded tissue suppliers manufacture, market and sell tissue products under their own nationally branded labels. Private label tissue producers sell tissue products to retailers to sell as their store brand.
In the United States, at-home tissue is sold through grocery stores, mass merchants, warehouse clubs, drug stores and discount dollar stores. In bathroom tissue, the Company offers two-ply ultra and premium products, including through air drying (TAD) tissue products. In paper towels, it produces and sells TAD towels as well as premium and value towels. In the facial category, the Company sells ultra-lotion three-ply and a line of two-ply premium products as well as value facial tissue. In napkins, it manufactures ultra-two-and three-ply dinner napkins, as well as premium and value one-ply luncheon napkins.
AFH products include one-and two-ply bath tissue, two-ply paper towels, hard wound towels and dispenser napkins. The Company's consumer products are manufactured on 12 paper machines in facilities located across the United States and in Canada.
Pulp and Paperboard Segment
The Company's Pulp and Paperboard segment manufactures and markets bleached paperboard for the packaging industry and are a producer of solid bleach sulfate (SBS) paperboard. This segment also produces hardwood and softwood pulp, which is used as the basis for its paperboard products, and slush pulp, which it supplies to the Company's Consumer Products segment. SBS paperboard is a paperboard grade that is used to produce folding cartons, liquid packaging, cups and plates, as well as commercial printing items.
Folding cartons are used in packaging for pharmaceuticals, cosmetics and other retail goods. SBS paperboard is also used in the packaging of frozen foods, beverages and baked goods. SBS liquid packaging paperboard is used in the United States for the packaging of juices. In Japan and other Asian countries, SBS liquid packaging paperboard is primarily used for the packaging of milk and other liquid items. The hot and cold cups are used to serve beverages in quick-service restaurants, while round food containers are used for packaging ice-cream and dry food products. Commercial printing applications use bleached bristols, which are heavyweight paper grades, to produce postcards, signage and sales literature. Bristols can be clay coated on one side or both sides for applications, such as brochures, presentation folders and paperback book covers.
The Company competes with Procter & Gamble; Georgia-Pacific; Kimberly-Clark; International Paper, MeadWestvaco; Georgia-Pacific, and RockTenn.
Clearwater Paper Corp
601 W Riverside Ave Ste 1100
SPOKANE WA 99201-0644