Wausau Paper completed its $9.6 million purchase of Missota Paper Co. in Brainerd.
Wisconsin-based Wausau Paper announced Thursday the sale was finalized. The northeast Brainerd paper mill, a specialty manufacturer of high-quality uncoated freesheet paper used in commercial printing for advertising and corporate brochures, will become part of Wausau Paper's printing and writing business segment.
When the sale agreement was announced this fall, Thomas J. Howatt, Wausau Paper president and chief executive officer, said the company plans to hire 135 people.
At the time Dan Alexander, Missota Paper president and CEO, equated the sale to a torch passing to someone who could be successful in the industry. Missota Paper was created to pursue the February 2003 purchase of the Brainerd mill from Potlatch. Missota was in an extended shutdown by November 2003.
"We'll just be glad to bridge the mill from the other unfortunate shutdown in 2002 to another life," he said.
Potlatch ended a century of papermaking in Brainerd when it closed in 2002, putting more than 600 people out of work. Wausau Paper employs about 3,100 people in 10 facilities in six states. Howatt said earlier the purchase of the Brainerd mill marked a long-term commitment to jobs here.
RENEE RICHARDSON can be reached at firstname.lastname@example.org or 855-5852.
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