May 3, 2024 - ND Paper and Billerud Wisconsin LLC on April 30 closed on an Asset Purchase Agreement, whereas ND Paper will own and operate Billerud's Water Quality Center and associated landfill and F&E landfill assets in Wisconsin Rapids.
Terms of the deal were not disclosed.
The Water Quality Center is an essential component of ND Paper's Biron pulp and paper mill, which is situated a few miles east on the Wisconsin River.
In a press release, ND Paper said, "The agreement ensures the mill's uninterrupted production and ND Paper's Biron facility will remain an integral part of the Wisconsin Rapids community."
ND Paper noted that five employees are responsible for operating the water facility and will be joining the ND Paper team.
The sale of the water facility follows the sale of Billerud's idled Wisconsin Rapids pulp and paper mill and related assets to Capital Recovery Group in April. The mill was closed in July of 2020.
Headquartered in Oakbrook, Illinois (USA), ND Paper is a leading manufacturer of various types of high-quality and sustainable pulp, packaging and paper products and is part of a strong, global manufacturing operation.
SOURCE: ND Paper and news reports
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