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
What We're Working OnSubmitted: 07/25/2016

- Tonight on Newswatch 12:

Find out what an Eagle River business is doing to help make sure kids have the school supplies they need this fall.

Plus, Rhinelander properties that have junk in their yard will soon have to move it if they don't want to get penalized.  Find out how long they have to remove their junk and what the penalty will be if they don't.

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

+ Read More

MERRILL - Getting your kids to behave can probably feel like an uphill battle some days.

But help will now be a free phone call away for parents living in the Northwoods.

Anderson and Associates Counseling and Psychologist Services in Merrill is offering free expert advice on topics ranging from bullying to suicide prevention.

+ Read More

OSHKOSH - A pilot suffered injuries that were not life threatening when his small plane crashed at the Oshkosh airport.

Thirty-nine-year-old Richard Maisano of Pennsylvania crashed at Wittman Regional Airport after his HXA-Bristell Light Sport stalled on Sunday.

+ Read More

PHILADELPHIA - The FBI has confirmed that agents are investigating a cyber-attack involving the Democratic National Committee that resulted in the release this weekend in embarrassing emails.

The FBI says it will "continue to investigate and hold accountable those who pose a threat in cyberspace."

+ Read More

APPLETON - A 14-year-old Wisconsin girl suffering from an illness that will take her life has decided to unhook her ventilator and die - but not before she attends prom.

Hundreds turned up Friday night to support Jerika Bolen of Appleton as she celebrated "J's Last Dance." She told The Post-Crescent that the night was "awesome."

+ Read More

Play Video

MERRILL - Sen. Ron Johnson (R-Wisconsin) said he didn't want to spend too much time at the Republican National Convention last week, because he wanted to get back to campaigning in his home state.

The senator from Oshkosh stopped at the Lincoln County Fair on Saturday.

He faces a tight race against Democratic former Sen. Russ Feingold.

+ Read More

GRAND CHUTE - An officer is injured and two suspects are in custody after one man stole a squad car in Grand Chute, Wisconsin.

The incident happened Saturday night as police were investigating two theft suspects at Pawn America. One of the men got into an officer's K-9 squad car, with the dog inside, and backed into another officer's squad car, injuring that officer.

+ Read More
+ More General News
Search: 




Click Here