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NEWS STORIES

Wausau Paper Loses Money in First QuarterSubmitted: 04/30/2013

Lane Kimble
Managing Editor/Anchor
lkimble@wjfw.com


RHINELANDER - Wausau Paper lost money in the first quarter of 2013.

But the company doesn't see it as a negative trend.

The paper company reported a net loss of $1.7 million dollars.

That compares with earnings of $4.8 million in the first quarter last year.

Those losses reflect some of the major changes Wausau Paper is making.

The company announced plans in March to close its Brainerd, Minnesota mill.

It also sold the Rhinelander and Mosinee mills to a New York-based investment firm.

The losses also cover the costs of a $220 million plant expansion in Kentucky dedicated to specialty tissue.

The agreement to sell the Rhinelander and Mosinee mills isn't complete just yet.

That could happen sometime this summer.


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 IN OTHER NEWS

WAUSAU - A Marathon County inmate who ran away finds himself back in jail.

Sheriff's deputies arrested Matthew Hornung at the Wausau American Legion Golf Course Thursday morning.  Someone saw the 31-year-old man hiding in the woods near the golf course and called police.  

Hornung disappeared Wednesday.

He was cleared to go to an off-site meeting, but cut off his GPS tracker and vanished.

He is in custody on an Alernative to Revocation for his probation.

Court records show Hornung was convicted of midemeanor battery in 2012.

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WAUSAU - A Marathon County inmate ran away Wednesday.

The sheriff's office says Matthew Hornung was headed to an off-site meeting when he cut off his GPS monitor and disappeared.



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