Badger Paper Mills continues to evaluate strategic options.PESHTIGO, Wis.--(BUSINESS WIRE)--Jan. 7, 1997--During 1996, Badger Paper Mills Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol BPMI BPMI Business Process Management Initiative (HP, Nortel, Sun, Sybase, Etc.) BPMI British Profile Management Initiative ) reviewed its strategic plans, and took a number of steps to improve its business and operations. These steps included the closing of its outdated pulp mill A pulp mill is a manufacturing facility that converts wood chips or other plant fiber source into a thick fiber board which can be shipped to a paper mill for further processing. and the sale of most of its timberlands. As part of this strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. effort, the company in early 1996 retained PaineWebber Inc. to provide investment banking advice and to assist it in evaluating its operations for maximizing shareholder value consistent with the protection of its other constituencies. Badger Paper Mills' review of its strategic options is ongoing. Badger Paper Mills Inc. produces fine and specialty paper products, including printing and writing papers, xerographic xe·rog·ra·phy n. A dry photographic or photocopying process in which a negative image formed by a resinous powder on an electrically charged plate is electrically transferred to and thermally fixed as positive on a paper or other copying surface. papers, recycled papers, MG laminating grades, plain and printed papers and various other specialty products at its manufacturing and converting divisions in Peshtigo and Oconto Falls, Wis. Badger-produced products are marketed under the tradenames Ta-Non-Ka(R), COPYrite(R), ENVIROGRAPHIC(R), and FRESHrap(R). CONTACT: Badger Paper Mills Inc., Peshtigo Miles L. Kresl Jr., 715/582-5201 |
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