Loading

21°F

20°F

22°F

21°F

20°F

24°F

22°F

23°F

20°F

24°F

23°F

22°F
NEWS STORIES

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


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

MADISON - The DNR helped move 26 elk to Jackson County on Thursday. The herd from Kentucky was introduced near Black River Falls.

+ Read More

Play Video

FOREST COUNTY - Prosecutors think a former Forest County jail worker stole phone cards from the Forest County jail and gave them to an inmate.

Melvin Donek is also accused of lying to an officer about how the cards were given to an inmate without payment.

He pled not guilty to one felony and three misdemeanors in court Thursday.

Prosecutors also believe Donek knowingly bought a stolen trailer.

He's charged with a felony for misconduct in office.

+ Read More

Play Video

RHINELANDER - The Rhinelander Area Food Pantry uses creative ways to get food donations. One of their fundraisers, CANtastic, just finished up for the year.

Nine teams used more than 4,300 cans to build replicas of historic buildings. Then, more than 700 people used cans to vote for their favorite structure.

+ Read More

Play Video

MADISON - The number of walleye fishermen can keep could change. The DNR wants to change how it sets the walleye bag limit in ceded territory.

It wants a three walleye bag limit for all lakes and rivers in the territory.

The tribes have treaty rights allowing them to harvest fish from lakes in most of northern Wisconsin.

The Natural Resources Board will consider the proposal on April 8th.

+ Read More

Play Video

NORTHWOODS - On Tuesday, a Michigan man named Steven Snyder robbed a Wausaukee bank. Before he was killed later that day, police say Snyder killed a state trooper and another person.

Bank workers in Wausaukee, like those in other Northwoods banks, likely had been trained in advance on what to do if being robbed.

In Rhinelander, the police department works directly with banks and credit unions to prepare workers for a potential robbery.

+ Read More

KIEL - Funeral services are scheduled for a Wisconsin state trooper killed in a shootout with a bank robbery suspect.

+ Read More

Play Video

ANTIGO - An Antigo man could spend more than 40 years in prison for allegedly biting a piece of another man's ear off during a bar fight.

According to court documents, 26-year-old James Pendleton was sitting across the bar from the victim and a woman who had a restraining order against Pendleton.

+ Read More
+ More General News
Search: 




Click Here