Cellu Tissue Sets IPO Terms

Cellu Tissue Holdings, an Alpharetta, Ga.-based maker of household and industrial paper products, has set its IPO terms to 7.8 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $316.32 million, were it to price at the high end of its range.

The company plans to trade on the NYSE under ticker symbol CLU, with Goldman Sachs and JPMorgan serving as co-lead underwriters. Weston Presidio holds an 83.8% pre-IPO stake.