Wausau Paper to Consolidate Business Units
Sept. 17, 2009 - Wausau Paper said that it will consolidate its Specialty Products and Printing & Writing businesses into a single operating unit, effective January 1, 2010.
Wausau said the consolidation is expected to reduce administrative overhead by more than $2 million per year, 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 impact organization of the Company’s Towel & Tissue business unit, Wausau noted..
The consolidated business unit – Wausau Paper Mills, LLC – will be led by Henry C. Newell as its senior vice president. In addition to his current duties as senior vice president, Specialty Products, Newell will assume immediate leadership of the Company’s Printing & Writing business and oversee consolidation of the two units, Wausau said.
“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, Wausau's president and CEO.
"In addition to providing direct administrative cost reductions of more than $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,” Howell added.
SOURCE: Wausau Paper