Loading
Search
NEWS STORIES

Wausau Paper to Merge with Thilmany PapersSubmitted: 04/24/2013
Story By Lex Gray


RHINELANDER - We can file our taxes online, send emails instead of letters, and pay our bills without seeing a single piece of paper.

So it made sense that most of us worried Wausau Paper would shut down its Rhinelander and Mosinee mills.

But it now seems that probably won't be the case.

An investment firm in New York called KPS announced in late March it would buy Wausau Paper's Mosinee and Rhinelander mills.

We learned Monday KPS also plans to buy Thilmany Papers, which has mills in Kaukauna and De Pere.

KPS will form a new company made up of Thilmany and Wausau Paper's four mills.

That means the mills will probably stay open.

"This announcement is really great news, not only for Thilmany papers, but also for the entire paper industry in the state of Wisconsin," said Thilmany Papers spokesperson Addie Teeters. "This new company will form, by employee count, the largest paper company in the state, and the fact that we're going to support so many families in the state through well-paid jobs and strong papermaking historical franchises coming together, we're really excited about it."

While computers slowly shut down other parts of the paper industry, this new company won't be threatened, because it will make only specialty paper.

That includes paper for microwave popcorn bags, the medical industry, and sheets to protect steel.

"We are not at risk as some of our competitors have seen of electronic substitution," Teeter said. "We are not in the printing and writing business. Because we have such a strong market, we really feel that these businesses are going to be very strong in the future."

Wausau Paper's spokesperson Perry Grueber would not answer phone calls, but wrote in an email, "This is definitely a positive step."

The deal isn't finalized yet, but could be done as soon as June.

Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

Play Video

WESTON - A new health clinic in Weston hopes to help women with different health issues.

The Couri and Smyth Health for Life Medical Center had its ribbon-cutting ceremony Thursday. The clinic is led by two doctors, Dr. Kimberly Couri and Dr. R. Louise Smyth, who specialize in helping with women's health issues.

+ Read More

Play Video

EAGLE RIVER - After what happened last weekend at Antigo High School's prom, many people can't help but think about increased security measures at other schools. But Northland Pines High School wants teens to think about other issues before their prom on Saturday.

Tri-County Council was at Northland Pines Thursday talking about dating violence. They want kids to be respectful of each other and have fun this weekend.

+ Read More

WISCONSIN RAPIDS - Wisconsin Rapids Police expect to release the three names from Wednesday's double-murder suicide soon. The department is waiting for today's autopsies to be finished before releasing those names.

Officers search the Wisconsin Rapids home Wednesday morning and found three bodies.

+ Read More

MILWAUKEE - Children's Hospital of Wisconsin says one of its patients has been diagnosed with the bloodstream infection Elizabethkingia.

The child is in the neonatal intensive care unit at Children's in metro Milwaukee. The hospital says there's no indication the child has a serious infection, but the case has been forwarded to state health officials and the Centers for Disease Control and Prevention.

+ Read More

MADISON - Wisconsin's Department of Justice is creating a new bureau to handle officer-involved deaths and other sensitive investigations.

Attorney General Brad Schimel announced the new Bureau of Special Investigations Thursday. In a statement, he said the new bureau will play an important role in maintaining the transparency and thoroughness in officer-involved deaths the public deserves.

+ Read More

PHILLIPS - More than 50 people in Price County lost their jobs last year when Georgia-Pacific announced it would close its plant in Phillips.

However, a company in Phillips could re-open the facility, but it wants help from the city and the county before it buys the building.

+ Read More
What We're Working OnSubmitted: 04/28/2016

- The city of Phillips needs to decide whether or not to loan $3 million to a company that wants to buy Georgia-Pacific, a plant that closed down leaving 50 people without a job. We'll have the details on Newswatch 12 at 5 and 6, and we'll update you on tonight's meeting discussing the loan at 10.

We'll have the details on this story and more tonight on Newswatch 12 - news from where you live.

+ Read More
+ More General News
Search: 




Click Here