Loading

54°F

57°F

57°F

54°F

57°F

54°F

55°F

61°F

57°F
NEWS STORIES

Rhinelander's Mayor cautiously optimistic mill buyer will keep plant openSubmitted: 03/22/2013
Story By Lane Kimble

Play Video

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: 10/01/2014

- Four Wisconsin State Assembly candidates will debate in Wausau tonight. The two Democrats and Republicans will argue about topics like jobs, healthcare and the direction of the area. We'll have a preview of the debate tonight on Newswatch 12.

- Cranberry Fest draws about 40,000 people to Eagle River each year. Organizers think this year will be no exception. They started preparing for this weekend's festival today. Find out more tonight on Newswatch 12.

- The Milwaukee Symphony Orchestra will perform tonight in Rhinelander. We caught them earlier today at a special concert for students in Rhinelander. Hear what brought them here and how you can go to their concert tonight.

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

+ Read More
86th distirct state assembly candidates debateSubmitted: 10/01/2014

WAUSAU - Four state assembly candidates will debate in Wausau Wednesday night. The two democrats and republicans will argue about topics like jobs, healthcare and the direction of the area.

The 86th district covers most of Western Marathon county and a small portion of Wood County. A Republican has held the seat for more than a decade. The city of Wausau traditionally votes for Democrats, but it is nearly entirely in the 85th district. That could mean good things for the incumbent Republican John Spiros.

The race is between Spiros and Democrat Nancy Stencil.

+ Read More
Walker slightly ahead of Burke in new pollSubmitted: 10/01/2014

MADISON - With less than five weeks until Election Day, a new poll shows Gov. Scott Walker is slightly ahead of Democrat Mary Burke in the race for Wisconsin governor.

The Marquette University Law School poll released Wednesday shows Walker with 50.5 percent support among likely voters compared with 44.7 percent for Burke.

That 5.8-point lead is just above the poll's 4.5 percentage point margin of error.

+ Read More
Man found guilty of murdering parentsSubmitted: 10/01/2014

IRON RIVER, WISCONSIN - An Iron River, Wisconsin man admits to killing his parents last winter.

45 year old Jim Crain Jr. pleaded guilty in Bayfield County to two counts of second-degree intentional homicide.

The state is recommending 15 to 20 years in prison on each count.

Crain was accused of killing his parents, 79 year old James Crain and 76 year old Eunice Crain.

+ Read More
Minnesota man killed in hang-gliding accidentSubmitted: 10/01/2014

COLD SPRING, WI - Sheriff's officials say a Minnesota man has died in a hang-gliding accident in southern Wisconsin.

Authorities say 57-year-old of Joseph Julik of Taylors Falls, Minnesota, was hang gliding at an airport north of Whitewater on Monday when his glider caught a wind shear, which caused it to pitch to one side and nosedive about 100 feet.

+ Read More
Money wanted for education campaign on voter identificationSubmitted: 10/01/2014

MADISON - People need to know that they must carry photo identification to the polls next month.

The Wisconsin state elections board wants to spend about $460,000 to educate residents over the next five weeks.

The Government Accountability Board wants state Legislature to make money available.

It would be used for an education campaign on television, radio, and the internet.

+ Read More
Man faces charges connected to woman's murder & disapperance; Read the criminal complaintSubmitted: 09/30/2014

Play Video

WAUSAU - A 34-year-old man will face three charges for the 2010 disappearance and murder of a Wausau woman.

Kristopher Torgerson is charged with first degree intentional homicide, armed robbery and hiding a body. Those charges were filed in Marathon County Tuesday, according to online court records.

Stephanie low had been missing since October of 2010. Torgerson agreed to show police where to find low's body earlier this month.

+ Read More
+ More General News
Search: 




Click Here