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McKinley Paper Company, a subsidiary of Bio PAPPEL, is acquiring 100% of Midwest Paper Group, a Wisconsin containerboard producer with 500 thousand tons annual capacity, from investment fund IOP.
Private equity firm Industrial Opportunity Partners has acquired Midwest Paper Group, a recycled containerboard mill in Combined Locks, Wisconsin. Terms were not disclosed.
Midwest Paper Group is investing $30 million and creating up to 321 jobs to restart and convert the former Appleton Coated mill in Combined Locks, Wisconsin, to produce packaging-grade paper.