NEKOOSA, Wis. (AP) -- Executives at Nekoosa Coated Products says they are partnering with a Texas company to buy the specialty papermaker.
Nekoosa CEO Paul Charapata and other executives will invest their own money along with Wingate Partners, of Dallas, to buy the plant in central Wisconsin from Dunsirn Partners, of Appleton.
Charapata tells the Wisconsin Rapids Daily Tribune the partnership will allow the company to diversify and find new manufacturing capabilities. Terms of the deal were not disclosed.
The company currently has about 90 employees. Executives expect to hire additional workers in the next year to 16 months.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com.
Please provide detailed information.
All comments must adhere to the WSAW.com discussion rules.