Star Journal

Top Menu

  • Contact Us
  • Hodag Star Journal E-Edition
  • Subscribe

Main Menu

  • Local
    • News
    • Business
    • Schools
    • Law & Order
    • Arts & Ent
    • Wedding Planner
    • Viewpoint
    • Sports
      • Sports News
      • High School Sports Scores
  • Covid 19
  • Outdoors
  • Wellness
  • Classifieds
  • Obits
  • Lake View
  • Northwoods NOW
  • Living On The Lake
  • Contact Us
  • Hodag Star Journal E-Edition
  • Subscribe

logo

Star Journal

  • Local
    • News
    • Business
    • Schools
    • Law & Order
    • Arts & Ent
    • Wedding Planner
    • Viewpoint
    • Sports
      • Sports News
      • High School Sports Scores
  • Covid 19
  • Outdoors
  • Wellness
  • Classifieds
  • Obits
  • Lake View
  • Northwoods NOW
  • Living On The Lake
BusinessLatest NewsLocalUncategorized
Home›Local›Business›Expera Specialty Solutions, LLC to acquire Maine pulp mill

Expera Specialty Solutions, LLC to acquire Maine pulp mill

By StarJournal
November 12, 2014
457
0
Share:

KPS Capital Partners, LP, the parent company of Rhinelander’s Expera paper mill has announced it plans to acquire assets of the Old Town Fuel and Fiber pulp mill in Old Town, Maine.
Old Town is a pulp mill with the capacity to produce more than 200,000 tons annually. The century old business was shut down in August, leaving nearly 200 employees jobless. According to a press release, Expera  intends to invest significant additional capital and resources into Old Town to ensure the highest level of production quality and capacity.
Russ Wanke, CEO of Expera stated, “A combination of Expera and Old Town will significantly strengthen both businesses. In particular, the combination will increase Expera’s vertical integration into pulp and reduce Old Town’s go-forward commercial risk by becoming part of Expera.”
Expera expects to complete the transaction as part of a sale process under Section 363 of the U.S. Bankruptcy Code. Financial terms were not disclosed; the transaction is expected to be complete during the fourth quarter of 2014, subject to customary closing conditions.

Previous Article

November snowfall in Rhinelander video

Next Article

First Person: A community breakfast celebrates its ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Uncategorized

    UW-Stevens Point announces graduates

    March 28, 2013
    By StarJournal
  • LocalSchools

    Our Turn: Why do teenagers do irrational things?

    November 29, 2013
    By StarJournal
  • Uncategorized

    Sports Roundup

    February 11, 2013
    By StarJournal
  • Uncategorized

    Million Penny Parade 60th anniversary and festival

    May 24, 2013
    By StarJournal
  • Latest NewsLaw & Order

    Rhinelander-area man facing 10 child porn charges

    May 10, 2016
    By Star Journal
  • Uncategorized

    Nicolet College Academic Success Centers open for summer

    May 24, 2013
    By StarJournal

Leave a reply Cancel reply

You must be logged in to post a comment.

About Us


Star Journal is published by Multi Media Channels LLC, N2919 County Road QQ Waupaca, WI 54981.

Timeline

  • January 20, 2021

    OCHD announces plans for vaccines

  • January 19, 2021

    Vaccines for ages 65+ to be offered beginning next week

  • January 19, 2021

    Shortcuts to Comfort

  • January 19, 2021

    Check it Out at RDL: Take advantage of curbside services

  • January 19, 2021

    Habitat for Humanity hosts online auction

Find us on Facebook

  • Contact Us
  • Hodag Star Journal E-Edition
  • Subscribe
Copyright © 2020 Multi Media Channels LLC.
All Rights Reserved. No part of this publication or any of its contents may be reproduced, copied, modified or adapted without the prior written consent of Multi Media Channels LLC.
×