Wausau Paper

A Wausau firm ended 114 years of paper-making in Wisconsin Monday. The Wausau Paper Corporation signed a final agreement to sell its mills in Rhinelander and Mosinee to a new company sponsored by K-P-S Capital Partners of New York. The private equity firm is also acquiring Thilmany Paper mills in Kaukauna and De Pere, and it has a new name for the group – Expera Speciality Solutions. It will employ a total of 18-hundred people at the four Wisconsin mills. Raquel Palmer of K-P-S says it will be the largest specialty paper company in North America.

Flicker

United Steelworkers members at Wausau Paper’s Rhinelander and Mosinee mills and the Thilmany mill in Kaukauna, have ratified a new collective bargaining agreement with KPS Capital Partners in anticipation of the private equity firm purchase of those mills. A Steelworkers spokesperson says the contracts improve on some of the conditions workers have at the mills.

Union spokesperson Lynne Hancock outlines the new agreement..