Wausau Paper Announces New Midwest Printing & Writing Distribution Hub
MOSINEE, Wis.–(BUSINESS WIRE)–Jan. 21, 2009—Wausau Paper (NYSE:WPP) today announced that Bedford Park, Illinois, was selected as the location for its new Printing & Writing distribution hub. Bedford Park, a southwestern suburb of Chicago, was chosen for its proximity to key Midwest commercial printing markets and the Company’s network of merchant distribution partners. Transitional operations will begin shortly and once fully operational in mid-2009, the Company’s Overnight and Same-Day delivery service will be available to an increased number of central U.S. customers.
The opening of this new distribution hub is a key element of the $6.6 million capital project, announced in December 2008, to consolidate converting capacity and streamline distribution within the Company’s Printing & Writing business. “Establishing this centralized distribution hub emphasizes our continued commitment to the commercial printing industry, merchant distribution partners, and retail customers by further enhancing the high level of service we provide through our ‘Think Service’ program,” said Daniel R. Trettin, senior vice president – Printing & Writing. “In addition, the new distribution hub will reduce transportation and operating costs, helping us to achieve the second of our recovery plan targets – to reestablish cost-of-capital returns in this business segment.”
For over 100 years, Wausau Paper has been a leading manufacturer of high-quality, affordable, uncoated papers for consumers, printers, graphic designers, and converters. From its mill facilities in Brokaw, Wisconsin, and Brainerd, Minnesota, Wausau Paper produces more than 2,000 different stock items from over 400 different types of paper ranging in weight from 20 lb. Writing to 100 lb. Cover in a comprehensive selection of colors, sizes and finishes. Approximately two-thirds of Wausau Paper’s Printing & Writing commercial stocking items contain 30 percent recycled post-consumer fiber and carry the independent Green SealTM-certification. Product is stocked in our Midwest distribution hub and three regional distribution centers enabling delivery within 24 hours to most top print markets within the U.S.
Green Seal(TM) is a trademark of Green Seal, Inc., in Washington D.C., and is used by permission.
About Wausau Paper:
Wausau Paper, with record revenues of more than $1.2 billion in fiscal 2007, produces and markets fine printing and writing papers, technical specialty papers, and “away-from-home” towel and tissue products. To learn more about Wausau Paper visit: www.wausaupaper.com.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The matters discussed in this news release concerning the company’s future performance or anticipated financial results are forward-looking statements and are made pursuant to the safe harbor provisions of the Securities Reform Act of 1995. Such statements involve risks and uncertainties which may cause results to differ materially from those set forth in these statements. Among other things, these risks and uncertainties include the strength of the economy and demand for paper products, increases in raw material and energy prices, manufacturing problems at company facilities, and other risks and assumptions described under “Information Concerning Forward-Looking Statements” in Item 7 and in Item 1A of the company’s Form 10-K for the year ended December 31, 2007. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
CONTACT: Wausau Paper Perry Grueber, 715-692-2056 Director Investor Relations E-MAIL: firstname.lastname@example.org FAX: 715-692-2020 Source: Wausau Paper