Brazilian pulp maker Suzano is reportedly exploring a potential offer for Clearwater Paper Corp., according to sources familiar with the matter. This strategic consideration aligns with Suzano's objective to scale up its presence in rapidly growing markets, particularly within the United States.
The company is actively working with an adviser as it seeks to reach an agreement for the potential acquisition. This move would significantly expand Suzano's footprint in the U.S. consumer packaging and food service market, a segment where it recently debuted.
This potential acquisition follows Suzano's earlier purchase of two factories from Pactiv Evergreen in the U.S. The integration of Clearwater Paper would further solidify Suzano's strategic diversification and enhance its competitive position in North America.
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