Saturday, October 6, 2012

Those Damn Venture Capitalists

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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