26° F

Wausau Paper finalizes deal to sell 2 Wis. mills

Published On: May 20 2013 09:03:39 PM CDT

Wausau Paper Corp. has signed a final agreement to sell its two remaining Wisconsin paper mills.

Monday's announcement finalizes Wausau Paper's withdrawal from making paper in Wisconsin after 114 years.

The two mills will merge with two other Wisconsin paper mills under new ownership, becoming Wisconsin's biggest papermaking company by employment.

The Milwaukee Journal Sentinel reports the new paper company also has a formal name: Expera Specialty Solutions LLC, employing 1,800 in Wisconsin.

KPS Capital Partners LP, a New York private equity firm, has agreed to acquire the Rhinelander and Mosinee paper mills from Wausau Paper and the Kaukauna and De Pere mills from Thilmany Papers.

All four mills produce specialty papers for packaging. None of the four mills makes paper for printing and publishing.

  • Time for Kids - Explore the Outdoors

    Dean Clinic and WISC-TV3 are focusing on a year-long campaign to get kids off their electronics and into the outdoors.

  • Learn more about WISC-TV

    Meet the News 3 staff, learn about our newscasts, search our job postings and find out how to contact us.

  • Chopper in Janesville

    Chopper in Janesville

    Your pet photos

    Email us a picture of you and your pet and we'll use it in out Pet Walk segment which airs every weekday morning at 6:40. Include your name, your pet's name and where you're from. Email to