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

Play Video

EAGLE RIVER - Many folks worried about their own ash trees when the emerald ash borer made its way to Rhinelander in 2014.

Now, the Vilas County 4H kids are taking precautions into their own hands.

+ Read More

MADISON - A federal judge has refused a union's demand to block Wisconsin's right-to-work law.

The law prohibits businesses and unions from reaching agreements that require all workers, not just union members, to pay union dues. Unions have argued the law enables nonunion members to receive free representation.

+ Read More

MARATHON COUNTY - Highway 29 in Marathon County needed to be shut down for a time after cattle escaped from a trailer following a crash.

It happened at 11:15 p.m. Sunday when a tractor-trailer rolled on Highway 29, at County Y in the Town of Norrie.

+ Read More

SUGAR CAMP - Fire badly damaged a house in Sugar Camp Monday afternoon. The Oneida County Sheriff's Office got a call of the fire on County Highway A around 1:00 p.m.

The garage of the house appeared to be destroyed. Firefighters were still putting out flames on the roof of the house an hour later.

The Sheriff's Office thinks the fire might have started in a wood stove in the garage, where a man was burning garbage. 

Police said there were two people in the home at the time of the fire, but they made it out safely. Police haven't said yet what caused the fire or how much damage there was.

+ Read More

Play Video

LAONA - Whipping winds and off-and-on rain couldn't keep 91-year-old Bud Kuhrasch off the golf course Monday.

"Rain or shine, we'd be here," Kuhrasch said with a smile.

Then again, the weather doesn't really bother Kuhrasch. The U.S. Navy veteran helped invade Omaha Beach at Normandy on D-Day in 1944.  On Monday, he joined two other World War II vets and more than 100 other veterans at Nicolet Country Club's annual outing.

+ Read More

Play Video

MINOCQUA - Protests over a proposed oil pipeline running through sacred Native American land in the Dakotas could last for a long time.

Lac du Flambeau tribal members and a local church are now gathering donations to bring to the thousands in Standing Rock.

+ Read More

Play Video

RHINELANDER - Newswatch 12 turned 50 this year, but it's actually lucky the station made it past year two.

A tragic accident in 1968 knocked the station off the air for nearly a year, and William Anderson was one of the two who lived through it.

"It's a quite a story," said Anderson.

+ Read More
+ More General News
Search: 




Click Here