Wausau Paper Headquarters Will Close if Hedge Fund Gets Its Way

Recent years have seen Wausau Paper shut down its mills in Brokaw and Brainerd, MN, and sell facilities in Mosinee and Rhinelander, all while being embroiled in a proxy battle that could shift the balance of power in the company’s leadership.

All that remains in central Wisconsin today of a once-dominant local employer founded in 1899 is a corporate headquarters building on Paper Place in Kronenwetter, a site that employs 25 to 50 general administrative jobs, according to Wausau Paper spokesman Perry Grueber.

 And those positions could be eliminated