Loading

63°F

59°F

69°F

59°F

69°F

69°F

73°F

59°F

63°F

73°F

69°F

68°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

RHINELANDER - A Northern Lights Tour scientist explained Rhinelander's role in potato breeding and genetic studies on Wednesday night.

Every year, about 50,000 varieties of potato are tested to see if they could be commercially sold.

Only about one in a 100,000 will become a named potato variety.

+ Read More

MARSHFIELD - Marshfield will break ground for its new library during a ceremony Friday morning. The celebration comes following years of hard work.

+ Read More

RHINELANDER - In 2003, two bikers found the body of Kenneth Wells in the Wisconsin River behind Trig's in Rhinelander.

At first, police believed Wells drowned. But, more than a decade later, investigators took another look at the case—and this time they called it a homicide. 

+ Read More

WAUSAU - The Wausau School District will use a large grant to renovate the school's planetarium. The current planetarium was built in the late 1960s, and it needs some upgrades.

The school just received a $230,000 grant to complete the project, a process that should take approximately two years.

+ Read More

WESCOTT - Authorities have recovered the body of a man who jumped in a Shawano County lake to rescue his 10-year-old son.

The body was found after authorities resumed a search of Shawano Lake early Thursday.


+ Read More

EAGLE RIVER - Gov. Walker's administration often promises to lower property taxes.

And this year, it has.

But the cuts are pretty small. Wisconsin's budget agency predicts the average home will save $1 this year and $2 next year . 


+ Read More

MADISON - A convicted sex offender from Rhinelander can keep pictures of children he cut out of magazines.

A state appeals court dismissed new charges against Albert Chagnon Thursday.

+ Read More
+ More General News
Search: 




Click Here