On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
40° Feels Like: 40°
Wind: ESE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 60°

Tonight

Partly Cloudy 42°

Tomorrow

PM Rain 64°

Alerts

Wausau Paper selling mills at Mosinee, Rhinelander, Brainerd, focus on tissue

by

MOSINEE, WI (WSAU) -  Wausau Paper plans to sell three mills and change the focus of their future business. In a Friday press release, company officials confirmed they plan to “focus its management efforts on continuing the growth of its highly successful tissue business.” The tissue and towel products are produced in Ohio and Kentucky. They are investing $220 million dollars to expand tissue production at the Harrodsburg, Kentucky site.

What the press release doesn’t specifically say is when and how the specialty paper divisions that make masking tape and food wrapping, among other things, will be divested. There is also no mention of closing these sites if no buyer is found, but Wausau Paper has shut down unprofitable mills before. Nearly a year ago, Wausau Paper closed the Brokaw Mill which made writing and printing paper.

A Friday Milwaukee Journal Sentinel article confirms the Mosinee and Rhinelander mills are for sale, as well as the Brainerd Minnesota mill. If those properties are sold or closed, Wausau Paper will have all production out of state, and only their headquarters left in Wisconsin.

Starboard Value LP is a New York based hedge fund company that controls the majority of Wausau Paper stock. Company officials from Starboard Value and Wausau Paper could not be reached for comment Friday afternoon.

The press release can be viewed on the Wausau Paper website with the embedded link above, or by opening the PDF attachment.

Comments