LOS ANGELES, Sept. 19, 2018 (GLOBE NEWSWIRE) — B. Riley FBR, Inc., a arch abounding account advance coffer and wholly-owned accessory of B. Riley Financial, Inc., acted as the cyberbanking adviser to Clearwater Paper Corporation in the auction of its Ladysmith, Wisconsin ability to Dunn Paper, Inc., a cardinal client endemic by Chicago-based clandestine disinterestedness firm, Arbor Investments, for about $72 million.
Clearwater Paper intends to use the net gain to advice armamentarium the amplification of its Shelby, North Carolina ability and opportunistically pay bottomward debt.
Clearwater Paper articles customer tissue, away-from-home tissue, ancestor cycle tissue, albino paperboard and lurid at accomplishment accessories beyond the nation. The aggregation is a supplier of clandestine characterization tissue to above retailers and broad distributors, including grocery, drug, accumulation merchants and abatement stores. In addition, the aggregation produces albino paperboard acclimated by quality-conscious printers and packaging converters, and offers casework that accommodate custom sheeting, slitting and cutting.
This is the third transaction in which B. Riley FBR served as a cyberbanking adviser to Clearwater Paper. The two antecedent affairs accommodate Clearwater Paper’s accretion of Maner Industries in December 2016, and the auction of its specialty articles business in December 2014.
“Clearwater abundantly ethics Matthew Spain and the B. Riley FBR team’s guidance, activity and abutment in all affairs and opportunities in which they accept served as our advisor,” said Russ Johnson, Vice President of Business Development at Clearwater.
For added advice about B. Riley FBR services, appointment www.brileyfbr.com.
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a arch advance coffer which provides accumulated finance, analysis and sales and trading to corporate, institutional and aerial net account alone clients. Advance cyberbanking casework accommodate initial, accessory and follow-on offerings, institutional clandestine placements and alliance and acquisitions advising services, and accumulated restructuring. The close is nationally accustomed for its awful ranked proprietary disinterestedness research.
About B. Riley Financial, Inc. (NASDAQ:RILY)B. Riley Financial provides collaborative cyberbanking casework and solutions tailored to fit the basic adopting and cyberbanking advising needs of accessible and clandestine companies and aerial net account individuals. The aggregation operates through several wholly-owned subsidiaries, including B. Riley FBR, a full-service advance coffer and institutional brokerage; Great American Group, a arch provider of asset disposition, appraisal, accumulated advising and appraisal services; GlassRatner, a specialty cyberbanking advising casework and consulting firm; B. Riley Wealth Management, B. Riley Asset Management and B. Riley Alternatives, which action advance administration to institutional and aerial net account investors; Great American Basic Partners, which originates and underwrites chief anchored loans for asset-rich companies; and B. Riley Principal Investments, which invests in or acquires companies and assets with adorable acknowledgment profiles.
Jo Anne McCuskerMedia [email protected](646) 885-5425
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