Clearwater Paper Announces Ratification of Labor Contracts

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SPOKANE, Wash. - Jan. 8, 2020 - Clearwater Paper Corporation (NYSE: CLW) announces the ratification of its labor contracts with the United Steelworkers and International Brotherhood of Electrical Workers at its Lewiston, Idaho facility.

“We are pleased to announce we have a newly ratified agreement with our employees represented by both the United Steelworkers and International Brotherhood of Electrical Workers in Lewiston, which will continue through August 2025,” said Steve Bowden, senior vice president, general manager – pulp and paperboard division. “Thank you to our employees and managers for their unwavering commitment to working safely and meeting our commitments, both internally and externally during the negotiations process. We will continue to focus on delivering on our customers’ expectations and supporting their success.”


ABOUT CLEARWATER PAPER

Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The company is a premier supplier of private label tissue to major retailers and wholesale distributors, 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. Clearwater Paper's employees build shareholder value by developing strong relationships through quality and service.


FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the ratification of collective bargaining agreements and customers. These forward-looking statements are based on current expectations that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include those risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The company does not undertake to update any forward-looking statements based on new developments or changes to the company’s expectations.


Source: Clearwater Paper Corporation

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