Loading

69°F

61°F

69°F

68°F

70°F

69°F

69°F

68°F

70°F

67°F

68°F

69°F
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

MADISON - A Wisconsin prison guard has served a one-day suspension for a joke he posted on Facebook about President Barack Obama and lynching.

+ Read More

Play Video

EAGLE RIVER - A fire in Eagle River severely damaged a garage on McKinley Boulevard early Sunday morning.

The Eagle River Fire Department said the fire started in the garage just after midnight Sunday morning.

+ Read More

Play Video

RHINELANDER - It's been a while since Independence Day fell on a Saturday, but that coincidence of the calendar made for a busy weekend for local firework stands.

+ Read More

Play Video

BOULDER JUNCTION - Approximately 15,000 people came out to support the Boulder Junction Volunteer Fire Department Saturday as it held its 25th annual chicken barbecue fundraiser.

All the money raised during the barbecue will help the department pay for equipment upgrades and training.

+ Read More

MADISON - Wisconsin Gov. Scott Walker says he and GOP legislative leaders have agreed to completely remove a part of the proposed state budget that would severely roll back the state's open records laws.

+ Read More

WAUSAU - A crash in Wausau left one man injured after a van collided with his motorcycle Friday night.

The Wausau Police Department got a call about a southbound crash around 9:00 p.m. on Grand Avenue near Ruder Street.

+ Read More

MIAMI BEACH, FLA - Green Bay Packers tight end Andrew Quarless has been arrested for allegedly firing two shots into the air during an argument outside a Miami Beach parking garage.

+ Read More
+ More General News
Search: 




Click Here