Report: Wausau Paper to sell 3 mills

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News,Business

WAUSAU, Wis. (AP) — 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 as well as Brainerd, Minn. Those three mills make paper used for packaging, the food industry, linings and masking tape.

Wausau says the Mosinee-based company will begin looking for potential buyers of those mills, and cannot comment on timing or terms of any transaction.

The Milwaukee Journal Sentinel (http://bit.ly/Ucmvi6) reports the company will switch its focus solely to making tissue and towel, 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, which made paper for printing and writing. That move eliminated 450 jobs.

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Information from: Milwaukee Journal

Sentinel, http://www.jsonline.com

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