Clearwater Paper Corporation (NYSE:CLW) today announced the retirement of Thomas A. Colgrove as president of the company's consumer products division. Mr. Colgrove will continue to serve as president of the division until the beginning of the second quarter. Patrick T. Burke, who currently serves as the company's vice president of supply chain, will assume the role of senior vice president and president of the company's consumer products division, when his successor for the supply chain function is appointed. Mr. Colgrove will also continue to serve the company until the end of 2015 to assist in the transition. "Pat joined Clearwater Paper in May 2014," said Linda K. Massman, president and CEO. "During this time, Pat has proven his abilities to develop and implement a successful supply chain and warehouse operations strategy, and has also established himself as a valued and respected member of Clearwater Paper's leadership team."
This latest investment is for a fourth multilayer Windmoeller & Hoelscher (W&H) blown film line to address growing demands for high-quality, consistent product. The extruder will be boosting output by another 4 million pounds annually. The investment is in addition to the $32 million outlay for the first three, five-layer W&H lines and expanded production space, made between 2016 and 2019.
“We are seeing increased demand for higher quality flexible packaging, ecommerce protective material and surface protection films. Our continued investment in this facility will help us meet market segment expectations for package performance and provide vertical integration for some of Pregis’ other products,” said Tom Wetsch, chief innovation officer.
Further, the additional warehouse space will enable Pregis Films to create customer inventory programs which will result in reduced lead times for converters serving the food, medical and industrial markets.
In addition to the four W&H lines, the 90,000 square foot area dedicated to manufacturing also houses four state-of-the-art multilayer blown film extrusion lines and film lab. Pregis Films’ research and development team, also located in this facility, works collaboratively with brand owners to formulate the ideal resin blend and operating range for their specific application.