From the Wisconsin Rapids Daily Tribune: Executives of a Nekoosa specialty papermaker hope a new partnership will allow them to expand the business and add jobs.
Nekoosa
Coated Products President and CEO Paul Charapata, Vice President John
Danio and other company leaders announced Wednesday that they had
invested their own money and joined Dallas-based investment firm Wingate
Partners to buy the Nekoosa plant from Appleton-based Dunsirn Partners.
“Over
the past seven years, we’ve been looking at diversifying by building
other strategic partnerships and finding new manufacturing
capabilities,” Charapata said in a Daily Tribune interview.
At Dunsirn’s suggestion, Nekoosa Coated Products started a nine-month
process to find a new investment firm that could help them expand those
capabilities, Charapata said. With about 90 current employees, company
officials hope to hire as many as a dozen more workers within the next
12 to 16 months. http://www.wisconsinrapidstribune.com/article/20121005/WRT0101/310040335/Dallas-firm-buys-Nekoosa-Coated-Products?odyssey=tab|topnews|text|FRONTPAGE&nclick_check=1
This is the same thing Romney did with Bain Capital. Invest in some companies in th ehopes of making them more profitable and add jobs. Sometimes, it doesn't work out.
But liberals just love to rip venture capitalists because why? Because they can create or save jobs jobs?
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