Wausau Paper to Narrow Focus to Tissue Business
In early 2012 the Company exited its legacy Print & Color business and narrowed the focus of its Paper Segment to specialty products with leading domestic and global positions in food, industrial and tape markets. Since that time the Company retained financial advisors to assist the Company’s board of directors in the evaluation of alternatives for the remainder of the Paper Segment.
The Company recently began the start-up phase of a
“Our Tissue Segment has demonstrated strong profitability and exceptional growth over the last decade,” stated
The Company cannot provide assurance of the timing, terms or completion of a transaction related to the strategic alternatives for the Paper Segment.
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
Investor and Media Contact:
Perry Grueber, 715-692-2056
Director Investor Relations