Unknown potential buyer can't work PM conversion plan, drops Kimberly deal

摘要

A potential unidentified buyer of New-Page's shut Kimberly, WI, coated printing and writing paper mill has backed away after doing a study of the possibility, local reports in Wisconsin said Wednesday. The buyer, a papermaker, negotiated with NewPage for about six months, and "our understanding was they had an OK deal with NewPage for the purchase. It was the conversion of the machines that the business plan couldn't support," Rimberly town administrator Rick Hermus said in an online report by a local TV station in the Kimberly area.