Loading

31°F

33°F

34°F

30°F

32°F

32°F

34°F

33°F

32°F

33°F

33°F

34°F
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

RHINELANDER - A Milwaukee Public TV program came to Rhinelander last summer to profile the city.

Around the Corner with John McGivern will premier its episode on Rhinelander this week, but Rhinelander community members got the chance to see the episode before it airs.

Wisconsin Public Television hosted a premiere event Saturday night.

The show featured area businesses like Expera, Ponsse, and Foster and Smith.

It also showcased the community.

+ Read More

Play Video

MERRILL - That's why she organized a spring craft and vendor show in Merrill. The show was Saturday at Les and Jim's Lincoln Lanes.

About 45 vendors came for the event.

Event organizer Laura Bares became interested in craft shows through another skillset.

+ Read More

Play Video

RHINELANDER - It gave people of all ages a community focused event to enjoy.

It's something ArtStart hopes to do after each opening event. It also hopes to mix in different themes for the receptions.

"In the past we've always had earlier receptions and this year we thought we'd try something different and have after parties with dancing and open bar, and hopefully attract maybe a little younger crowd," said Organizer Melinda Childs.

+ Read More

BAYFIELD COUNTY - Authorities have recovered the body of a missing 77-year-old fisherman from a lake in northern Wisconsin.

+ Read More

TOMAH - Air Force veteran Jason Bishop says he has struggled in vain to find relief for his chronic pain at several Department of Veterans Affairs hospitals, including one in Tomah.

+ Read More

Play Video

TOMAHAWK - The Tomahawk Elementary School hosted its first spring carnival this year. Our Sisters' House, a homeless shelter under construction in Tomahawk, organized the event.

+ Read More

VILAS COUNTY - A fire destroyed a Vilas County house on Saturday.

+ Read More
+ More General News
Search: 




Click Here