June 2, 2021 - Clearwater Paper on June 1 announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away-from-home business by the end of July 2021.
"Despite the best efforts of our dedicated employees, our Neenah location and assets cannot cost effectively compete in the markets that we serve," said Arsen Kitch, President and Chief Executive Officer. "This was a difficult decision, because it affects our people, their families and the Neenah community."
The facility's approximately 290 employees will be impacted by the closure. "We are committed to supporting our people through this challenging time," said Kitch. The company and the union will be meeting this week to discuss the impact on employees.
The company will work closely with the union and state employment agencies to assist impacted employees in receiving training, and other benefits that enable them to find new employment as quickly as possible. The company will also offer career assistance services to help employees through this difficult time.
Clearwater Paper acquired the Neenah mill in 2010 and produced private brand tissue products for commercial and retail customers at the mill.
Clearwater Paper (NYSE: CLW) is a premier supplier of private brand tissue to major retailers, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting and cutting. To learn more, visit: www.clearwaterpaper.com.
SOURCE: Clearwater Paper Corporation
Paper Industry Newsletter
Stay on top of paper industry news
from around the world with
PaperAge's free weekly newsletter.
Delivered every Thursday.
Sign up today!