ATLANTA, GA--(Marketwire - September 17, 2010) -  King & Spalding advised Cellu Tissue Holdings, Inc., a North American producer of tissue products, in its definitive agreement to sell the company for $502 million, including $255 million of debt, to Clearwater Paper Corporation, a manufacturer of premium consumer tissue, high-quality bleached paperboard and wood products. The agreement has been approved unanimously by both companies' boards of directors and is expected to close in the fourth quarter of 2010, following regulatory clearances and other customary closing conditions.

For more details, the Cellu Tissue news release can be found at:

The King & Spalding legal team involved in Cellu Tissue Holding's sale to Clearwater Paper Corporation was led by Atlanta-based corporate partners Alan J. Prince and Anne M. Cox. Other members of the team were:

C. William Baxley (partner, Atlanta)
Tracy Kimmel (partner, New York)
Robert J. Leclerc (associate, Atlanta)
Nathan L. Mihalik (associate, Atlanta)
Brandon T. White (associate, Atlanta)

Executive Compensation:
Donald S. Kohla (partner, Atlanta)
Susan Canter Reisner (partner, Atlanta)
Jan G. Marsh (consultant, Atlanta)

Business Litigation:
Michael R. Smith (partner, Atlanta)

Albert H. "Chip" Conrad (partner, Atlanta)
Angela L. Batterson (partner, New York)

Jeffrey S. Spigel (partner, Washington, D.C.)
Brian R. Meiners (associate, Washington, D.C.)

Donald P. Hensel (partner, Atlanta)

Les A. Oakes (partner, Atlanta)
Tamara J. Neeley (staff attorney, Atlanta)

About King & Spalding
Celebrating 125 years of service, King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Geneva, Houston, London, New York, Paris, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and, according to a Corporate Counsel survey in August 2009, ranks fifth in its total number of representations of those companies. For additional information, visit

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King & Spalding
Matt Hyams
+1 212 827 4057