Wausau Paper announced that its Board of Directors has approved the sale of its premium Print and Color brands – including Astrobrights, Astroparche and the Royal family of products – and closure of its Brokaw, Wisconsin paper mill.
The sale, to Neenah Paper, Inc., is scheduled to close on January 31, 2012. The Brokaw mill will be permanently closed by March 31, 2012, marking the end of the company’s material participation in the print and color markets. The Brokaw shutdown will affect approximately 450 hourly and salaried jobs.
The company says it will continue to support the product needs of its customers during transfer of the business to Neenah Paper.