Wausau Paper plans to sell mills in Minnesota, WisconsinWausau Paper Corp. plans to divest two of its mills in Wisconsin and one in Minnesota.
By: Associated Press, Associated Press
WAUSAU, Wis. — Wausau Paper Corp. plans to divest two of its mills in Wisconsin and one in Minnesota.
The mills up for sale are in Mosinee and Rhinelander, Wis., as well as in Brainerd, Minn. Those three mills make paper used for packaging, the food industry, linings and masking tape.
Mosinee-based Wausau said it will begin looking for potential buyers of those mills, and cannot comment on timing or terms of any transaction.
The Milwaukee Journal Sentinel reported that the company will switch its focus to making only tissue and toweling, which are produced at its mills in Kentucky and Ohio. Wausau currently is investing $220 million at its Harrodsburg, Ky., mill.
Last year, Wausau closed its oldest mill in Brokaw, Wis., which made paper for printing and writing. That move eliminated 450 jobs.