Investment group PCR Rapids 1, LLC (PCR) has reached terms with Billerud Americas Corporation (Billerud) for the purchase of the idled Wisconsin Rapids Mill and associated assets and soon will initiate a globally marketed effort to identify parties interested in buying the entire mill site or select portions.
PCR is a consortium of investment firms Capital Recovery Group, LLC, Rabin Worldwide, and PPL Group LLC. The group repositions idle industrial assets by investing their own funds to identify and support new ownership and other avenues for repurposing.
The Wisconsin Rapids Mill site consists of approximately 1,400 acres of land, one million square feet of building space, and roughly over one mile of frontage on the Wisconsin River. The available assets include a paper and pulp mill, support services buildings, parking lots, pre- cleared and undeveloped lots, and large stretches of residential and commercial land.
PCR will market valuable paper machines and other significant operating equipment while searching for potential operational users. In tandem, a three-day public auction will be
scheduled to sell the mill’s spares inventory, maintenance equipment, rolling stock, and more. The auction is set to be held April 23—25. The auction can be viewed at www.rabin.com and equipment highlights include fabricating equipment, complete machine shops, (50+) Miller arc welders, 30-Ton Kone bridge crane, Onan 200 kW diesel gen set, CAT D8T & D8R Bulldozers, John Deere & Volvo loaders, Grove 70-Ton hydraulic crane, Liebherr wheeled log loaders, (60+) forklifts, boom & scissor lifts, (100) Goulds 316L pumps, (10) Bird pressure screens, (5) Beloit double drum winders, (12) P&H bridge cranes to 55 Ton, and much more.
Billerud’s coated printing paper production at the Wisconsin Rapids Mill became unsustainable due to a significant decline in demand, resulting in the site being idled. PCR will own the land, but Billerud will retain and operate the hydroelectric generation facilities and paper converting facility, keeping over 130 jobs in the area and indirectly supporting many more.
To see everything available for sale, receive further information, or to make an appointment to inspect the equipment, please contact Rabin Worldwide 415.522.5700 or go to www.rabin.com.
About Capital Recovery Group, LLC
Capital Recovery Group (CRG) is a global private equity firm that creates liquidity for its clients through expertise, innovative solutions, and access to worldwide markets. Specializing in complex scenarios comprised of industrial assets and real estate, the company helps its partners revitalize idle or marginally productive assets and liquidate surplus. The company deploys CRG capital to directly purchase assets or debt, invest in equity, or perform a combination that delivers optimal solutions. CRG
has built a reputation by providing uncompromising service, qualified knowledge and creative strategies. Working collaboratively, its team of experts acts as advisor, advocate and problem-solver while acquiring actionable intelligence that brings clarity to complex financial decisions.
About Rabin Worldwide, Inc.
In business for over 60 years, Rabin is a family-held industrial auction and real estate investment company, with a focus on the acquisition and sale of the industrial equipment and production facilities around the world.
As leading industrial and commercial liquidators, Rabin has sold equipment assets in every trade sector on almost every continent. We can purchase complete factories, including real estate, and conduct auctions of any size on behalf of our clients. With a unique combination of financial strength, diversified experience and unparalleled professional expertise Rabin has the experience and flexibility to take on a deal of any scale and of any complexity.
About PPL Group LLC
PPL Group is a premier private equity firm that builds creative and agile liquidity solutions for companies with distress or special situations. We typically do this via asset disposition, financing or direct investment. Our expertise gives us an edge in maximizing value, while providing responsive and dedicated service to our clients. Our solutions typically involve:
- Asset Disposition: Purchasing and selling commercial and industrial assets, real estate, and entire facilities from individual owners up to Fortune 500 companies.
- Financing: Quick and creative alternative financing solutions based on asset value for small and middle-market companies in need of liquidity.
- Equity Investments: Equity positions in small and middle-market companies.
