Wausau Paper exploring options, including sale - WAOW - Newsline 9, Wausau News, Weather, Sports

Wausau Paper exploring options, including sale


MOSINEE (AP) -- Wausau Paper Corp. says it's reviewing a range of options for the division, including a possible sale.

The Mosinee company's earnings and sales dropped sharply in the third quarter. Net income dipped nearly 61 percent to about $5 million, or 10 cents a share. Sales declined 3 percent to nearly $266 million. The company has scaled back production of writing and printing-grade paper.

Wausau Paper is working with its financial adviser on alternatives for the print and color business. A spokesman tells the Journal Sentinel (http://bit.ly/uAVWiQ ) that includes divestment.

Wisconsin is the nation's leading papermaking state and has seen mills close and workers lose their jobs as demand for paper has declined in recent years.

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