Loading
Search
NEWS STORIES

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant openSubmitted: 03/22/2013
Lane Kimble
Lane Kimble
Assistant News Director
lkimble@wjfw.com

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant open
RHINELANDER - We need to wait awhile to figure out how the sale of Wausau Paper's Rhinelander and Mosinee mills will really effect the communities.

But Friday night, we did find a sense of cautious optimism coming from city leadership.

Rhinelander Mayor Dick Johns worked at the paper mill from 1955 to 1994. He's seen plenty of changes at the plant over the years, including three separate sales.

That past experience keeps him hopeful for the future.

"Confident's not a good word, but I'm hoping that it will be," Johns said. "That's important to all of us. You know, we have PrintPack down on the other side of town, that's an improvement to our community and we're proud of that and we're proud of that paper company."

KPS Capital Partners in New York invested $130 million to buy the two Wisconsin mills.

They're offering Wausau Paper 25 percent ownership in the new paper company they plan to form. Wausau Paper claims the investment group has "significant experience" in the paper business.

Mayor Johns hopes KPS understands Rhinelander needs to keep its mill.

"Any industry in this day and age is important to the community, especially when it's over 100 years old, you've had it here and it's been a part of your community for those many years," Johns said.

The sale isn't official just yet. There are seveal steps to go through, including establishing a new collective bargaining agreement with the unions.

Wausau Paper hopes to wrap things up by the end of the second quarter this year.

KPS invested in Waupaca Foundry, Inc., based in Waupaca, Wisconsin. Just last month, Waupaca Foundry dolled out a $200 million return to investers.

Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
What We're Working OnSubmitted: 06/26/2017

- Tonight on Newswatch 12:

Last year road construction forced the 4th of July parade in Rhinelander to be rerouted effecting several businesses on the route. Tonight we talk with businesses about what it was like last year and how they expect business to be much better this year.

We'll show you how crews were hard at work pumping out water that caused flooding in the Lake Nokomis area.

And some of the Newswatch 12 staff will strap on some snowshoes tonight to participate in this year's snowshoe baseball games in Lake Tomahawk. We'll bring you a preview and tell you how the league is preparing for the event.

We'll bring you the details on these stories and more tonight on Newswatch 12 - news from where you live.

+ Read More

Play Video

TOMAHAWK - A Northwoods racetrack plans to put on a world-class show for former NASCAR driver next week.

But the Tomahawk Speedway will now have several hours of extra work ahead of them after someone used the Tomahawk Speedway Sunday night when the track wasn't even open.

+ Read More

RHINELANDER - One Rhinelander man dedicated his life to giving back to the city and taking care of its natural resources. Now he's getting recognized for all his work.

+ Read More

EAGLE RIVER - Before you head out on an outdoor adventure this summer, you might want to check your packing list.

Tom Stephens and his wife, Jessica Allen, own The Hiker Box in Eagle River.

They're used to helping people get ready for outdoor trips, including camping, hiking, or kayaking.

They say packing food, water, fire starters and emergency blankets are crucial.

Clothing is important, too, right down to what socks you wear.

+ Read More

LAKE TOMAHAWK - Lake Tomahawk's snowshoe baseball games provide entertainment throughout the summer for the Northwoods and visiting tourists.

2014 was the last time the field got new mulch. To prepare for this season, the league got a whole new field of mulch put in with help from the Pukall Lumber Company.

+ Read More

NORTHWOODS - One bird population flies high this summer. In the Northwoods, grouse numbers are up 30 percent.

+ Read More

RHINELANDER - The recent rain and cold weather make it hard to believe that next week is the Fourth of July.

Last summer, Rhinelander's annual parade got re-routed due to the downtown Streetscape project.

Many businesses noticed a decline in their Fourth of July sales.

CT's Deli owner Chef Tom Jordens said the torn-up roads dampened sales, but he's confident this year his sales will double.

+ Read More
+ More General News
Search: 





Click Here