This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

USW Praises Addition Of Paper Mills To KPS Capital Partners LP's Specialty Paper Project

PITTSBURGH, April 22, 2013 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) says the addition of Packaging Dynamics's Thilmany mill in Kaukauna, Wis., and Nicolet mill in DePere, Wis., to KPS Capital Partners LP's specialty paper project will bring investment and focus to mills and markets in the paper industry that still have untapped growth potential. 

(Logo: )

This new project will bolster the long-term future of mills in a sector where investment and focus on growth have for too long lagged behind the rest of the sectors of the industry where growth opportunities still exist.

The USW has often noted that there has been a lack of investment and focus in the specialty and technical paper markets and that has led to unnecessary job and market loss to cheap foreign imports. 

USW International Vice President Jon Geenen, head of the USW's paper sector, said: "This project comes in the nick of time. Our union tracks market and trade data and has become increasingly concerned about this sector of the industry suffering the same fate as other markets that did too little too late to bolster their ability to be innovative and competitive in increasingly difficult market conditions. 

"Like the former Wausau Rhinelander and Mosinee mills in Wisconsin that will be part of this portfolio, we believe the work forces at the newly named sites have talented and highly skilled workers committed to high efficiency advanced manufacturing."

The USW has been in discussions for months to develop the right structure that ensures that these mills will be among the most competitive in the global specialty industry and more importantly remain the centerpiece of the local economies where these plants operate.

"Our work with KPS over the last several months speaks volumes about the many benefits of using an approach where labor and management work together to create high value deals where workers win, enterprise wins, and the community wins," said USW District Two ( Wisconsin and Michigan) Director Michael Bolton. "This is the model to restore economic vibrancy to our economy."

The USW is the largest industrial union in North America and has 850,000 members in the U.S., Canada and the Caribbean. The union represents workers employed in metals, rubber, chemicals, paper, oil refining, atomic energy and the service sector.

Contact : Jon Geenen, USW, 412-562-2440, Lynne Hancock, USW, 615-828-6169,

SOURCE United Steelworkers (USW)

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs