ST PAPER LLC

Date of closing April 2010
Total Costs $92.1 million
Total NMTCS $92.1 million
ST PAPER LLC (Oconto Falls, WI)  |  View Map

ST Paper LLC is a locally-owned manufacturer that produces 100% recycled fiber tissue and  linerboard products. Wisconsin, the longtime national leader in paper production, suffered the closure of three major paper mills in 2008. Two additional major mills have announced their closures by the end of 2010, contributing to the trend of mill closures and job losses - roughly a third of the state’s papermaking jobs - since 1997. With 87 employees, ST Paper is currently the largest private employer in Oconto Falls where unemployment is 11.9%. Through the NMTC-facilitated debt refinance, ST Paper has created an opportunity for six low-income individuals to acquire a combined equity ownership interest totaling fifty percent of the company. (NNMF NMTCs: $15 million)