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Wausau Paper to sell Mosinee, Rhinelander mills to private equity firm

8:21 PM, Mar. 21, 2013
Wausau Paper will sell its mill in Mosinee, pictured here in Feb. 2012, as well as in Rhinelander and Brainerd, Minn.
Wausau Paper will sell its mill in Mosinee, pictured here in Feb. 2012, as well as in Rhinelander and Brainerd, Minn.
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MOSINEE - Wausau Paper Corp. plans to sell its specialty papers business, including its Mosinee and Rhinelander paper mills, to a newly formed company controlled by a New York City-based private equity firm.

Wausau Paper issued the following press release today to announce the sale:

Wausau Paper (NYSE:WPP) today announced that it has signed a non-binding Letter of Intent to sell its specialty paper business to a new company ("NewCo") to be formed and controlled by investment funds sponsored by KPS Capital Partners L.P. ("KPS"), a New York based private equity firm with significant ...

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