APPLETON, Wis. (WBAY) – The sale of Appleton Coated to a liquidation company was approved Thursday — but that doesn’t necessarily mean the paper mill will shut down.
Appleton Coated paper mill in Combined Locks (WBAY photo)
An Outagamie County judge has approved the sale to Industrial Assets Corporation, a California-based liquidation and auction company.
Under the agreement, the sale of the Combined Locks plant includes a 90-day window to find another buyer who would keep operations going at the Grand Chute plant.
It’s a small victory for the more than 600 Appleton Coated employees.
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