Wednesday, April 24, 2013

When I See "Private Equity Firm" And "Paper Mills..."

...I imagine plant closings, consolidations and layoffs ahead.

I hope to be wrong.

Details about where paper-making in Wisconsin is headed, here.

A New York private equity firm plans to acquire paper mills in Kaukauna and De Pere, doubling the number of mills in Wisconsin that the firm plans to buy and creating the biggest supplier of packaging and specialty paper in North America.
Earlier post about paper-making jobs going away in Wisconsin, here.
I had mentioned in a posting earlier this week the closing of a paper mill in Brokaw by an out-of-state private equity firm....

On Friday, the same investors who closed the paper mill announced two more plant closings in Wisconsin - - ending more than a century of paper-making by Wausau Paper Corp - - and another in Minnesota.


Anonymous said...

I thought the same thing. Will be watching this.

Anonymous said...

And they'll take the pensions too, just watch.