Clearwater Paper is a North American paperboard packaging manufacturer. After completing the transition of its tissue business to Sofidel, the company’s strategic focus shifted toward Solid Bleached Sulfate paperboard and packaging products. It serves independent converters and packaging customers across folding cartons, foodservice packaging, commercial print, consumer goods packaging, and sustainable packaging alternatives. The business is more traditional and cyclical than the technology names in the list, with performance driven by pulp, energy, transportation, capacity utilization, pricing, customer demand, and the broader shift toward renewable or recyclable packaging materials.