Wausau Paper Loses Money in First Quarter Submitted: 04/30/2013
RHINELANDER - Wausau Paper lost money in the first quarter of 2013. But the company doesn't see it as a negative trend. The paper company reported a net loss of $1.7 million dollars. That compares with earnings of $4.8 million in the first quarter last year. Those losses reflect some of the major changes Wausau Paper is making. The company announced plans in March to close its Brainerd, Minnesota mill.

It also sold the Rhinelander and Mosinee mills to a New York-based investment firm. The losses also cover the costs of a $220 million plant expansion in Kentucky dedicated to specialty tissue. The agreement to sell the Rhinelander and Mosinee mills isn't complete just yet. That could happen sometime this summer.

Story By: Lane Kimble

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