Brazilian pulp maker Suzano SA is reportedly exploring a potential offer to acquire Clearwater Paper Corporation. The company is working with an adviser as it seeks to reach an agreement.
This potential acquisition aligns with Suzano's strategy to expand its presence in rapidly growing markets, particularly in the U.S. consumer packaging and food service sector. Suzano made its debut in this market earlier in the year by purchasing two factories from Pactiv Evergreen.
A successful acquisition by Suzano would significantly expand the Brazilian pulp maker's footprint in the U.S. market. This development suggests a potential strategic consolidation within the paper and packaging industry.
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