Mosinee, Wisconsin, USA, 16 September 2009 -- (BUSINESS WIRE) -- Wausau Paper (NYSE:WPP) today announced plans to consolidate its Specialty Products and Printing & Writing businesses into a single strategic operating unit. The 01 January 2010, consolidation is expected to reduce administrative overhead, broaden market access for the business unit’s range of products, and improve manufacturing flexibility across its production facilities located in Rhinelander, Brokaw, and Mosinee, Wisconsin, and Brainerd, Minnesota. The move does not affect the organization of the company’s Towel & Tissue business unit.
“Consolidation of our Specialty Products and Printing & Writing businesses into a single strategic operating unit further builds on the success of restructuring initiatives completed over the last two years," said Thomas J. Howatt, president and CEO. "In addition to providing direct administrative cost reductions of more than USD 2 million per year, the new structure will enhance market access and create a business unit with the flexibility to effectively serve both mature and growth-oriented markets.”
Wausau Paper, with revenues of USD 1.2 billion in fiscal 2008, 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.