Domtar Sells Certain On-site Assets of Port Edwards Paper Mill
The sale includes all the remaining assets on the site, but does not include the adjacent hydroelectric facilities.
April 11, 2013 - Domtar on March 27 closed the sale of certain of its Port Edwards mill assets in Wisconsin to DMI Acquisitions, LLC of Columbus, Ohio.
The sale includes all the remaining assets on the site, but does not include the adjacent hydroelectric facilities on the Wisconsin River that Domtar will continue to own and operate to provide power to its Nekoosa, Wisconsin mill.
"Domtar has been working diligently with the Wisconsin Department of Natural Resources (DNR) and other parties for several years to prepare the site and find the right purchaser for the Port Edwards assets," said Mark Bessette, General Manager of Domtar's nearby Nekoosa Mill. "We are pleased that DMI will bring new economic activity to the site, for the benefit of the community."
The site includes a 900,000 square-foot production facility; 280,000 square feet of warehouse space; 141,000 square feet of office space and a 23,000 square-foot data center.
DaMenga Weaver, President of DMI Acquisitions, said, "DMI believes that the 192-acre Port Edwards mill site, with its extensive rail facilities, is uniquely positioned for new warehouse and light manufacturing opportunities, particularly in the energy, agricultural and wood products markets."
Domtar closed the Port Edwards mill in mid-2008. At that time, the mill had the capacity to produce 165,000 tons per year of uncoated freesheet paper and employed about 500 people.
SOURCE: Domtar and Daily Tribune Media