Combined Locks Paper Mill Sold
COMBINED LOCKS (WLUK) — A Fox Valley paper mill has been sold.
Midwest Paper Group makes packaging-grade paper at its mill in Combined Locks. The mill has a capacity to produce 500,000 tons per year.
“The acquisition of Midwest Paper Group is consistent with our business strategy to continue building a powerful integrated paper and packaging company, convinced that North America is the best region to invest and create shared value over the long term,” Bio-PAPPEL board chairman Miguel Rincón said in a news release. “We enrich our culture and competitiveness by warmly welcoming the people of Midwest Paper operations into the Bio PAPPEL- McKinley family.”
State tax credits covered $1.8 million of the $30 million conversion cost.