Loading

63°F

64°F

64°F

63°F

64°F

63°F

63°F

66°F

64°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
Ginseng harvest season starts MondaySubmitted: 08/29/2014

Play Video

STATEWIDE - People could sell Wisconsin wild ginseng root for as much as $1,000 per pound last year.

Wisconsin's ginseng is known as some of the best in the world.

Some believe it gives people energy and has other health benefits.

It's seen an increase in popularity and demand.

+ Read More
2014 numbers good for state banksSubmitted: 08/29/2014

Play Video

LAONA - Only one in twenty banks in Wisconsin lost money in the first half of 2014.

Industry leaders see that as a sign of success and progress.

Those numbers had been worse over the past few years, especially during the recession.

Wisconsin banks made about a half-billion dollars in the first six months of the year. Their total assets were above $100 billion.

+ Read More
Gov. Walker warns Potawatomi it could lose gamesSubmitted: 08/29/2014

MADISON - Gov. Scott Walker's administration has warned the Forest County Potawatomi tribe that it could lose about 2,000 slot machines if it succeeds in withholding its $25 million annual payment to the state.

The Potawatomi say they're withholding the money because the state may end up owing the tribe money if Walker approves the Menominee tribe's proposed Kenosha casino. The Potawatomi fear a Kenosha casino would significantly cut into their Milwaukee casino profits.

+ Read More
Firefighters and WPS workers work together for confined space trainingSubmitted: 08/29/2014

MERRILL - Firefighters put in a lot of work to help people in a variety of different crises.

They need to go through a lot of training to know how to do that.

The Merrill Fire Department got valuable training this week.

They got the chance to practice rescuing someone from a confined space at the hydro power plant in Merrill.

"I think it's a great opportunity for the Merrill Fire Department to partner with WPS. Anytime we can get realistic training it's very very valuable to us," says the captain in charge of training Mike Drury.

+ Read More
Modified Karts at Crandon International Raceway this weekendSubmitted: 08/29/2014

Play Video

CRANDON - The Crandon International Off-Road Raceway is holding their 45th annual World Championship Off-Road Race all weekend.

You can find racers from across the country at the raceway.

+ Read More
Wisconsin State Patrol reinforces consequences of speeding in construction zones Submitted: 08/29/2014

Play Video

MARATHON COUNTY - Each year in Wisconsin, both highway workers and motorists die or are hurt in crashes that happen in highway construction zones. Drivers need to slow down and obey the posted speed limit. In Marathon County, Wisconsin State Patrol doesn't treat drivers any differently.

Sergeant Travis Wanless of the Wisconsin State Patrol started his Wednesday morning off on Highway 51 by taking up both lanes to slow down traffic for rock blasting.

"We are blasting. I'm going to get you sick here, but I want to make sure these guys know I'm stopping," Wanless said.

+ Read More
North Lakeland Discovery Center welcomes a new executive directorSubmitted: 08/29/2014

Play Video

MANITOWISH WATERS - The North Lakeland Discovery Center will welcome a new executive director.

The center in Manitowish Waters focuses on connecting people with nature. That's how Azeal Meza first connected with the discovery center. He says he is excited to move forward as the executive director.

"I was immediately impressed with the organization," says Meza. "I have been part of the bird club for a while, and it's a nice place where I come here with my family to hike the trials, paddle, you name it."

+ Read More
+ More General News
Search: 




Click Here