Loading
Search
NEWS STORIES

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant openSubmitted: 03/22/2013
Lane Kimble
Lane Kimble
News Director
lkimble@wjfw.com

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant open
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: 06/20/2018

- Tonight on Newswatch 12:

We'll tell you the judge's decision in the preliminary hearing for an Eagle River woman charged with locking a nurse practitioner in the Marshfield Clinic office. Her ex-husband is accused of threatening the practitioner with a hatchet and meat tenderizer.

We talk to a Price County woman who was one of 8 interns worldwide hired by Harley Davidson.

And we'll show you how Nicolet College is giving students a "Quick Start" with the college application process.


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

+ Read More

RHINELANDER - People can learn more about the construction plans for the US 8/HWY 47 intersection in Rhinelander at public meeting next week. 

The Wisconsin Department of Transportation will be holding a meeting June 26 from 5:30 to 7:00 p.m. at the Rhinelander City Hall. 

+ Read More

MADISON - Governor Scott Walker has activated the National Guard to help with recovery efforts following destructive flooding in northern Wisconsin.

Portions of northern Wisconsin saw as much as a foot of rain over the weekend. Ashland, Bayfield, Burnett, Douglas and Iron counties remain in a state of emergency.

+ Read More

TAYLOR COUNTY - Police believe a Price County stabbed a Taylor County man in May with military style knife. 

Derek Novak, 25, is facing three felonies including attempted reckless homicide. 

+ Read More

MILWAUKEE - Milwaukee's mayor says he hopes the relationship between police and residents can improve in the wake of an excessive force lawsuit filed by Milwaukee Bucks player Sterling Brown.

Mayor Tom Barrett released a statement Tuesday saying he's hopeful that the NBA player's arrest over a parking violation and the subsequent lawsuit "will be a turning point."

+ Read More

MADISON - Wisconsin agriculture officials have confirmed chronic wasting disease in a doe from a Marinette County breeding farm.

The Department of Agriculture, Trade and Consumer Protection said Monday the National Veterinary Services Laboratory confirmed test results Thursday and the farm was quarantined that same day.

The 2-year-old deer was born on the 230-acre farm in Goodman and died during fawning. The fenced farm has 320 whitetail deer, according to the owner's most recent registration. The farm hadn't been enrolled in the CWD Herd Status Program since May 2017.

+ Read More

WASHINGTON, D.C. - A teenager whose case was documented in the Netflix series "Making a Murderer" wants the Supreme Court to hear his case.

Brendan Dassey confessed to joining his uncle in raping and murdering a young woman.

+ Read More
+ More General News
Search: 





Click Here