MOSINEE, Wis (WSAU) The Wausau Paper Corporation says it’s considering a range of options for its print-and-color division – including a sale. The Mosinee firm made the announcement when it reported a large drop in its quarterly sales and profits. Wausau Paper’s net income totaled almost $5.2-million dollars from July-through-September. That’s a 61-percent drop from the same period a year ago.
Sales fell by three-percent to around $266-million, as the firm reduced production for its writing and printing-grade papers. It’s part of a continuing trend in Wisconsin’s paper industry – which has seen a demand for its papers fall during the last 10 years. Wausau Papers also said it would divest its commercial timber holdings more rapidly than in the past.
The firm says it will sell just over 80,000 acres of timber-lands. Many of those are in Wisconsin.