MOSINEE, Wis, USA, Jan 31, 2012 - Wausau Paper (NYSE:WPP) today announced the closing of the previously announced sale of premium print and color brands to Neenah Paper, Inc. of Alpharetta, Georgia. Under terms of the agreement, a cash payment of $21 million has been received for the brands and certain related manufacturing equipment.
Wausau Paper will release fourth-quarter earnings the evening of Monday, February 6. An analyst’s conference call is scheduled for 11:00 a.m. (EST) on Tuesday, February 7, and can be accessed through the Company’s website at www.wausaupaper.com under “Investors.” A replay of the webcast will be available at the same site through February 14.
About Wausau Paper:
Wausau Paper produces and markets specialty papers for industrial, commercial and consumer end markets as well as a complete line of away-from-home towel and tissue products. The company is headquartered in Mosinee, Wisconsin, and is listed on the NYSE under the symbol WPP. To learn more about Wausau Paper visit: www.wausaupaper.com.
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