date:May 24, 2013
Wausau Paper, Mosinee, Wis., signed a definitive agreement to sell its specialty paper business to a new company sponsored by KPS Capital Partners L.P., a New York-based private equity firm. The new company will be known as Expera Specialty Solutions, LLC.
This transaction accomplishes all of our key objectivesdivesting our paper business in a way that creates value for our shareholders, creating a specialty business under new ownership with the scale and product breadth to compete globally and