Potential Savior Backs Out of Closed Mill Acquisition

BRAINERD, MN—Environmental concerns have caused a potential buyer for the now-shuttered Wausau Paper mill here to withdraw, The Associated Press reported.

Mike Fiterman, chairman and CEO of Liberty Diversified International (LDI), informed the city of Brainerd that the company was no longer interested in obtaining the mill, which ceased paper production last April. The closure resulted in the loss of about 130 jobs.