Loading
Search
NEWS STORIES

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant openSubmitted: 03/22/2013

Lane Kimble
Managing Editor/Anchor
lkimble@wjfw.com


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

RHINELANDER - North Brown Street is now open and parking is also available. It has parallel parking spots and angled spots. Restaurants have already noticed an increase in business after the street opened late last week.

"We had very good business this weekend. We were very glad that before Friday they were opened. They opened the roads so our Friday Fishfry was back to its normal pace," said Bucketheads server Ashley Hull.

"Last weekend when it opened up, of course it was packed out front. Everyone's using it and I think everyone's getting used to the new parallel and angled parking. I know it was a big shock for everyone that it was going to happen, but everyone's embracing it and getting used to it," said Rhinelander Café & Bar co-owner Brooke Johnson.

The Davenport Street Bridge is still closed, but it's getting closer to opening. Once that happens, downtown will be even easier to access for people coming from the west side of town.

+ Read More

HAYWARD - Two people died in rural Hayward this week in an apparent murder-suicide.

Police say the woman who was killed was the clerk of courts in Sawyer County.

The body of 56-year-old Claudia Bergan was found in her home Wednesday, dead from an apparent gunshot wound to the chest.

Fifty-eight-year-old Dennis Meyer died of an apparent self-inflicted gunshot wound.

+ Read More

MADISON - The state Elections Commission predicts a low turnout for Wisconsin's August 9 primary.

Only 16 percent of voters are expected to come out.

+ Read More

Play Video

ANTIGO - When you can't catch fish, it's easy to blame the lure. If you need something different, an Antigo company makes a lure that you might want to try. The Mepps assembly plant is located right off Highway 45.

+ Read More

Play Video

LANGLADE COUNTY - Since March, Langlade County hasn't had a district attorney.

Its former district attorney, Ralph Uttke, went to work in Marathon County. The governor could have appointed someone for the job, but chose not to. Since then, a special prosecutor has been filling in.

But all district attorney positions statewide are up for election on November 8.

Now Portage County Assistant District Attorney Elizabeth Constable plans to run for the position.

+ Read More

MADISON - The head of Wisconsin's State Patrol is ready to retire.

Wisconsin State Patrol Superintendent Stephen Fitzgerald will step down Aug. 5 after five years leading the agency. Gov. Scott Walker's office announced his retirement Thursday.

+ Read More

OSHKOSH - Yes, Hollywood actor Harrison Ford uses a checklist when he flies.

The "Star Wars" and "Indiana Jones" star was accompanied by an inquisitive teenager when he flew his DeHavilland Beaver on Thursday at the AirVenture Oshkosh 2016 air show.

+ Read More
+ More General News
Search: 




Click Here