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

WOODRUFF - Valentine's Day falls on a weekend for the second year in a row.

That's good news for local restaurants, which can expect more people to come in, but the weekend holiday isn't great for some other businesses, especially floral shops.

+ Read More

ST. GERMAIN - Fans and racers with a need for speed won't need to wait any longer for the Radar Run.

Two days of snowmobile dragging and bikini races started Friday in St. Germain.

+ Read More

WESTON - A man led police on a high-speed chase across two counties before finally being stopped early this morning.

+ Read More

MADISON - Wisconsin Department of Corrections Secretary Ed Wall has resigned amid an investigation into allegations of abuse at the state's youth prison.

+ Read More

Play Video

- National and local elections will create headlines over the next year.

The next time Wisconsin goes to the polls is April 5 for the spring primary.

The League of Women Voters of the Northwood's is working hard to remind you of the recent changes to the photo ID requirements to cast your ballot.

+ Read More

Play Video

PARK FALLS - Kevin Hines refers to the day he jumped off the Golden Gate Bridge as the day he was supposed to die.

"It was the worst moment of my entire existence," Hines said.

In 2000, Hines was 19 and suffering from severe bi-polar disorder, depression and hallucinations.  He threw himself over the railing, plunging 220 feet in a fall that has killed more than 1,700 people.  It was an action that filled Hines with instant regret.

"You realize how much you deserve to live and that this was a terrible mistake, but for most people it was too late," Hines said.

+ Read More

Play Video

- Community service comes in many forms and does not need to be limited to where you live on a map.

Students at Northwood's Community Elementary School recently learned that giving can take place across many miles.

The school hosted a Community Service Day where students learned about and raised money to purchase animals for those in need across the globe.

+ Read More
+ More General News
Search: 




Click Here