Clearwater Paper sells specialty products division



Clearwater Paper sells specialty products division

SPOKANE, Washington -- Clearwater Paper Corp. announced that it has sold its specialty products business and mills to Dunn Paper Inc. for $113.5 million.

The company said the sale includes subsidiaries with facilities located at East Hartford, Conn., Menominee, Mich., Gouverneur (Natural Dam), N.Y., St. Catharines, Ontario, and Wiggins, Miss.

The sale affects about 470 employees, who now are employees of Dunn Paper.

In a statement, Linda Massman, president and CEO, said, "The sale of the specialty products business sharpens our Consumer Products Division's focus on the core retail business."