Timber Professionals Cooperative cautiously optimistic about Verso acquisition
WISCONSIN RAPIDS, Wis. (WSAW) - The president of the group looking to purchase the paper mill in Wisconsin Rapids said he is cautiously optimistic about a Scandinavian company acquiring Verso, the current owner of that mill.

Monday, BillerudKorsnäs and Verso announced the acquisition, with BillerudKorsnäs purchasing Verso’s outstanding shares for about $825 million. The president and CEO of BillerudKorsnäs, Christoph Michalski laid out in a press conference their plans to ramp up production at Verso’s Upper Michigan mills, however, he said they were still determining whether to sell the Wisconsin Rapids location.

“We’ve been working on things right along actually with Verso,” Dennis Schoeneck, the president of the Timber Professionals Cooperative said. “They’ve just been dragging their feet and now I know exactly why.”

The cooperative has tried to purchase the Wisconsin Rapids mill twice since it closed in the summer of 2020...


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- - Volume: 10 - WEEK: 55 Date: 1/19/2022 6:12:37 PM -