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Wausau paper finalizing deal to sell 80,000 of timberland

Wausau Paper logo
Wausau Paper logo

WAUSAU, WI (WTAQ) -Wausau Paper expects to finalize a deal to sell more than 80,000 acres of timberland in northern Wisconsin for nearly $43 million. The company says it is selling to two companies. The Lyme Timber Company and the Forestland Group manage timberland across the country. Wausau had announced plans to sell the rest of its timberlands last fall. Wausau says it will use the proceeds to finance expansion of its profitable tissue division in Kentucky.