There will be more time to find a buyer for the Appleton Coated paper mill.
Outagamie County Judge Greg Gill is moving forward with a tentative agreement to provide a 45-day window for a company to buy the mill in Combined Locks, and keep it open. During those 45 days, two machines will be running at the mill with about 200 workers.
Tony Swanningson is the president of the local United Steelworkers Union. He says they came out of today’s hearing with a big win. He says the high bidder at the auction, Industrial Assets, liquidates assets. Now he says they have an opportunity for another buyer to step up and run it as an ongoing business.
Industrial Assets agreed to run the mill for the 45 days. Gill is giving the company, and the union, five days to put together a budget to turn a profit during that time.
About 600 Appleton Coated workers were laid off last week because Industrial Assets doesn’t plan to run the mill.