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

WISCONSIN RAPIDS - The tree killing Emerald Ash Borer spreads to another northern Wisconsin community.

The DNR confirmed yesterday the invasive pest has now been found in Wisconsin Rapids.

It's the first time Emerald Ash Borer has turned up in Wood County.

A test was done on a sample collected near the intersection of Lincoln Street and East Riverview Expressway on April 27th.

Evidence of the infestation has also been found in other nearby trees.

Wood County was already in the process of being quarantined as a result of the discovery of Emerald Ash Borer in Stevens Point.

That means businesses handing wood products that COULD carry the Emerald Ash Borer must work to ensure their products are pest free.

Moving firewood from place to place is one way the pest gets to new areas.

+ Read More

MADISON - Democrat Russ Feingold has launched an attack ad against Republican Sen. Ron Johnson related to problems at the U.S. Department of Veterans Affairs facility in Tomah.

The spot released Thursday comes after a conservative outside group began a $2 million ad buy targeting Feingold on the same issue.

+ Read More

KEWAUNEE - State officials say 11 of 30 wells tested in northeastern Wisconsin are contaminated with salmonella or rotavirus.

The Department of Natural Resources and Department of Health Service released the results. There have been no reported illnesses linked to the wells tested in Kewaunee County.

+ Read More

Play Video

THREE LAKES - Texting makes communication easier and more efficient than ever.

But students at Three Lakes Junior and Senior High School learned Wednesday that, when you're driving, texting can wait. Students gathered in the gym to learn the dangers of distracted driving as part of AT&T's It Can Wait campaign.

+ Read More

Play Video

EAGLE RIVER - With her hands folded and head bowed, Northland Pines Senior Class President Sam Hytry stood humbled and empowered Wednesday afternoon.

"I'm praying for Antigo and everyone else that's involved," Hytry said.

Hytry shared those prayers during the school day through a smartphone.

"We sent out an email yesterday and we also used social media like Twitter and Facebook to kind of get the word out too," Hytry said.

The word was actually two, combined in a hashtag: "#AntigoStrong."

+ Read More

ANTIGO - The photo of American soldiers raising the flag over Iwo Jima brings Americans a lot of pride, especially the people of Antigo. But more than 70 years after that photo was taken, history buffs are questioning whether Antigo's own John Bradley is, in fact, in that photo as previously believed. The Marines have now opened an investigation in an attempt to answer that question.

+ Read More

Play Video

MERRILL - Affordable housing continues to be a need for many people. With an aging infrastructure, the Merrill Housing Authority announced a $13.3 million project for a new housing complex and upgrades to its existing buildings.

The project has been in the works for over two year, and thanks to a tax credit approval from the Wisconsin Housing and Economic Development Authority, the project has become a reality.

+ Read More
+ More General News
Search: 




Click Here