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Billerud to Sell Its Wisconsin Rapids Paper Mill Site
Investment group PCR Rapids 1, LLC (PCR) has reached terms with Billerud Americas Corporation for the purchase of the idled Wisconsin Rapids Mill and associated assets.
The Wisconsin Rapids Mill site consists of approximately 1,400 acres of land, one million square feet of building space, and roughly over one mile of frontage on the Wisconsin River. The available assets include a paper and pulp mill, support services buildings, parking lots, pre-cleared and undeveloped lots, and large stretches of residential and commercial land.
PCR will market the paper machines and other significant operating equipment while searching for potential operational users. In tandem, a public auction will be scheduled to sell the mill’s spare inventory, maintenance equipment, and rolling stock.
Billerud’s coated printing paper production at the Wisconsin Rapids Mill became unsustainable due to a significant decline in demand. PCR will own the land, but Billerud will retain and operate the hydroelectric generation facilities and paper converting facility, keeping over 130 jobs in the area.
