The conversion to recycled paper has proved to be a real rollercoaster ride for Manistique Papers. Once believed to be their salvation, rising raw material costs eventually forced the mill into bankruptcy. After several months of negotiations, the Watermill Group, owner of FutureMark, the nation‟s largest producer of 100 percent recycled coated paper, is set to inject success into the uncoated paper lines produced in Manistique.“It‟s nice to be here,” said Steve Silver, president of FutureMark. “This has turned out to be such a great story.”Silver said, with all of the negative information in the press lately about private equity funds being “bad”, this was an example of a success story.
Monday, June 11, 2012
Manistique-A Success Story
http://www.bankmbank.com/MediaLib/mbank/mBank/downloads/Manistique-Papers-officially-changes-hands-5-10-12.pdf
The conversion to recycled paper has proved to be a real rollercoaster ride for Manistique Papers. Once believed to be their salvation, rising raw material costs eventually forced the mill into bankruptcy. After several months of negotiations, the Watermill Group, owner of FutureMark, the nation‟s largest producer of 100 percent recycled coated paper, is set to inject success into the uncoated paper lines produced in Manistique.“It‟s nice to be here,” said Steve Silver, president of FutureMark. “This has turned out to be such a great story.”Silver said, with all of the negative information in the press lately about private equity funds being “bad”, this was an example of a success story.
The conversion to recycled paper has proved to be a real rollercoaster ride for Manistique Papers. Once believed to be their salvation, rising raw material costs eventually forced the mill into bankruptcy. After several months of negotiations, the Watermill Group, owner of FutureMark, the nation‟s largest producer of 100 percent recycled coated paper, is set to inject success into the uncoated paper lines produced in Manistique.“It‟s nice to be here,” said Steve Silver, president of FutureMark. “This has turned out to be such a great story.”Silver said, with all of the negative information in the press lately about private equity funds being “bad”, this was an example of a success story.
