Idled Billerud Wisconsin Rapids Mill to be Acquired by Capital Recovery Group, LLC
Billerud will continue to own and operate the Wisconsin Rapids Converting Facility, keeping more than 130 jobs in the community.Billerud announced today that it has reached terms with the Capital Recovery Group, LLC (CRG, LLC) for the sale of the idled Wisconsin Rapids Mill and related assets. This decision follows the company’s extensive and exhaustive exploration of viable and sustainable alternatives for the mill since its idling in July 2020. The transaction is expected to close in April 2024. “Billerud believes that this decision is the best alternative for all stakeholders,”