Wausau Paper to Sell Mosinee, Rhinelander WI Mills

Wausau Paper plans to sell its specialty paper business, along with paper mills in Mosinee and Rhinelander (WI), for $130 million to a company with a history of buying up and then investing in failing companies.

Wausau Paper announced Thursday in a statement that it has signed a non-binding letter of intent to sell the arm of its company that operates out of central Wisconsin to KPS Capital Partners.

The Mosinee community has been on edge and eager to find out the future of the mill–the lifeline of the city’s economy–since January when Wausau Paper announced it would sell of three of