KPS Capital to Buy Wausau Paper Unit

Wausau Paper said Monday it has agreed to sell its specialty paper business to KPS Capital Partners. KPS previously announced it was buying the specialty paper business of Packaging Dynamics Corp. KPS plans to combine this business with the Wausau unit and create a new company that will be called Expera Specialty Solutions. The sale will result in net cash proceeds to Wausau Paper of approximately $110 million.

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