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  • Wisconsin Rapids Tribune | The Daily Tribune

    ND Paper purchases Billerud's Wisconsin Water Quality Center in Wisconsin Rapids

    By Caitlin Shuda, Wisconsin Rapids Daily Tribune,

    16 days ago

    https://img.particlenews.com/image.php?url=1r6jgm_0sj0OVC400

    WISCONSIN RAPIDS – ND Paper will own Billerud’s Wisconsin Water Quality Center and landfill.

    According to a Tuesday morning news release from ND Paper, the company closed on an asset purchase agreement with Billerud Wisconsin that stated ND Paper will own and operate the Water Quality Center, associated landfill and landfill assets. According to the U.S. Environmental Protection Agency, the facility operates at 2811 Fifth Ave. N. in Wisconsin Rapids.

    The water quality center is essential to ND Paper’s work at its Biron facility, and the agreement ensures ND Paper’s Biron facility will remain part of the Wisconsin Rapids area and will continue its production uninterrupted, according to the release.

    Five employees who run the facility will join ND Paper.

    The shift follows Billerud's announcement in March that it would sell the idled portions of its Wisconsin Rapids mill and continue to operate its converting facility, retaining 130 employees at that site. The idled portions have been sold to Capital Recovery Group, a global private equity firm that specializes in industrial assets and real estate. The company held auctions to sell paper machines and other equipment earlier this month.

    More about Billerud's Rapids sale: Capital Recovery Group announces dates for auctioning paper mill equipment in Wisconsin Rapids

    Contact Caitlin at cshuda@gannett.com or follow her on Twitter @CaitlinShuda .

    This article originally appeared on Wisconsin Rapids Daily Tribune: ND Paper purchases Billerud's Wisconsin Water Quality Center in Wisconsin Rapids

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