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Capital Recovery Group announces dates for auctioning paper mill equipment in Wisconsin Rapids

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Capital Recovery Group announces dates for auctioning paper mill equipment in Wisconsin Rapids



After Billerud announced it would sell its idled Wisconsin Rapids property, the new owners will auction off equipment this month.

WISCONSIN RAPIDS – Paper machines and other equipment will be auctioned off later this month in Wisconsin Rapids.

Verso announced in June 2020 it would idle production at its paper mills in Wisconsin Rapids and Duluth, Minnesota, at the end of July because of a decline in demand for graphic paper. In March 2022, Verso officially merged with BillerudKorsnäs AB, who since changed its name to Billerud. Last month, Billerud announced it would sell the idled portions of its Wisconsin Rapids paper mill to Capital Recovery Group LLC.

PCR Rapids, a group made up of Capital Recovery Group, Rabin Worldwide and PPL Group, announced Friday it will start finding parties interested in buying the entire mill site or select portions. According to that announcement, the entire site stands on 1,400 acres along the Wisconsin River. PCR will own the land, but Billerud will continue owning and operating its hydroelectric facilities and the converting facility, employing 130 workers directly.

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PCR will market paper machines and other operating equipment for sale. At the same time, the group will host a three-day public auction for spare inventory, maintenance equipment, rolling stock and more from April 23 through 25. Items up for auction include fabricating equipment, complete machine shops, welders, bulldozers, cranes, log loaders, forklifts, pumps, winders and more. The auction can be found at www.rabin.com. More information and appointments can be made to see items for sale by contacting Rabin Worldwide.

Who’s involved?

Capital Recovery Group is a global private equity firm that specializes in industrial assets and real estate. The company revitalizes idled or marginally productive assets and liquidates surplus. The company also provides realty services, including creating opportunity for repurpose, sale, leasebacks, real estate auctions, plant decommissioning, demolition and remediation management. It also offers auction services for industrial assets.

Rabin Worldwide Inc. is an industrial auction and real estate investment company that focuses on acquisitions and sales of industrial equipment and production facilities worldwide.

PPL Group is a private equity firm that offers liquidity solutions for companies through asset disposition, financing or direct investment. The company works with purchasing and selling commercial and industrial assets, real estate and facilities.

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More about the sale: Wisconsin Rapids paper mill sale: Here’s what we know, what we don’t know and how we got here

Contact Caitlin at cshuda@gannett.com or follow her on Twitter @CaitlinShuda.





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When does Wisconsin volleyball play again? NCAA tournament next match

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When does Wisconsin volleyball play again? NCAA tournament next match



Start time yet to be announced for regional finals match

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AUSTIN, Texas – Wisconsin volleyball will be spending two more days in Austin.

The Badgers ensured that with a four-set win over Stanford on Dec. 12 in the NCAA tournament regional semifinals. It was the eighth consecutive win in the regional semifinals for Kelly Sheffield’s group and its first-ever win over Stanford in program history.

Here’s what to know about Wisconsin’s next match:

Who will Wisconsin volleyball play next?

Wisconsin’s next match will be against top-seeded Texas in the NCAA tournament regional finals, with the winner advancing to the Final Four.

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What time is Wisconsin volleyball’s next match?

The Wisconsin-Texas match will be on Sunday, Dec. 14. A time has not yet been announced, but it will either be at 2 p.m. or 6:30 p.m. CT.

How to watch Wisconsin-Texas NCAA tournament regional finals match?

NCAA volleyball tournament bracket for regional finals

  • Creighton vs. Kentucky on Dec. 13 at 5 p.m. in Lexington, Kentucky
  • Purdue vs. Pittsburgh on Dec. 13 at 7:30 p.m. in Pittsburgh
  • Wisconsin vs. Texas on Dec. 14 in Austin
  • Winner of Nebraska/Kansas vs. winner of Louisville/Texas A&M on Dec. 14 in Lincoln, Nebraska



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How tariffs are affecting Wisconsin’s real and artificial Christmas trees

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How tariffs are affecting Wisconsin’s real and artificial Christmas trees


Nearly all artificial Christmas trees in the world today are made in China. And with that comes an up to 30 percent tariff rate on imported Christmas products — including artificial trees. 

Kris Reisdorf is co-president of the Racine- and Sturtevant-based home and garden store Milaeger’s. On WPR’s “Wisconsin Today,” Reisdorf said tariffs are affecting their prices on artificial trees, but she’s mitigating most of the rate hike through negotiations with manufacturers and by taking on lower profit margins herself. 

“We are doing our fair share in making Christmas affordable,” Reisdorf said. “When the average person is thinking 30 percent (tariffs), that’s not by any means what they’re really paying.”

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Milaeger’s “almost real” trees range from under $100 to well over $3,000. Reisdorff said she’s raised prices for all artificial trees by only around $20 compared to last year.

Residorf said tree sales are largely stable despite the uptick in tariff pricing.

An ABC News/Washington Post poll last year found that 58 percent of Americans were buying artificial trees instead of real ones. That’s up from 40 percent in 2010. 

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Greg Hann owns Hann’s Christmas Farm in Oregon. Hann also sits on the Wisconsin Christmas Tree Producers Association Board and is president-elect of the National Christmas Tree Association. 

Hann told “Wisconsin Today” the COVID-19 pandemic in 2020 created a surge in business for real evergreen trees and that demand has been holding relatively steady ever since. That said, Hann acknowledged real Christmas tree sales are up for him and fellow growers this year. He attributed the increase in sales to the tariffs and the fact that farmers’ supplies are finally catching up to the higher demand brought on by COVID-19. Nearly all real trees come from the United States or Canada, according to Hann. 

Hann said a recent survey by the National Christmas Tree Association found 84 percent of Christmas tree growers nationwide have kept prices the same over the last two years, and that includes his own farm. Being grown locally in Wisconsin, Hann said his business is largely unaffected by tariffs.

“It’s kind of nice to have a good supply with a stable price in this economy,” he said. 

Reisdorf said that some artificial tree manufacturers are moving operations outside of China to places like Cambodia. But most other countries in the east are also facing tariff threats. 

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Instead, Reisdorf said artificial tree importers are lobbying President Donald Trump to lower his 30 percent tariffs on Christmas products like trees and ornaments, because those kinds of goods aren’t coming back to be made in the U.S.

Meanwhile, Hann said his organization is lobbying to have tariffs on artificial trees increased to 300 percent. He said the added tariff costs help create an “even playing field” between real and artificial trees, since farmers have to pay farm staff and cover fertilizer costs. 

But it isn’t always about the cost. Reisdorf said artificial trees have the benefit of lasting “forever,” essentially.

Hann said many of his customers come to the farm looking to keep up the Christmas tradition of picking out their own family tree. 

“They’re looking for that fragrance of a real tree,” he said. “They want to start that tradition of the family together. They pick the tree, they take it into their house.” 

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Wisconsin loses starting offensive lineman to the transfer portal

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Wisconsin loses starting offensive lineman to the transfer portal


In a bit of a surprise, Wisconsin Badgers starting center Jake Renfro is using a medical hardship year and entering the transfer portal for his final season of eligibility.

Renfro, a sixth-year senior in 2024, battled numerous injuries this season, limiting him to only four games after having season-ending surgery. He was a full-time starter for Wisconsin in 2024 after missing the entire 2023 season except for the team’s bowl game due to injury.

Prior to his time at Wisconsin, Renfro had played for head coach Luke Fickell at Cincinnati for three seasons. He played in seven games as a freshman in 2020, making six starts at center. He then was the full-time starter as a sophomore in 2021, earning All-AAC honors before missing the entire 2022 season due to injury.

Now, he’s set to come back to college football for a seventh year, rather than turn pro, and will look to do so at another school.

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“I want to thank Coach Fickell, the entire coaching and training staff, my teammates, and the University of Wisconsin for everything over the past three seasons,” Renfro wrote. “I am grateful for the support, development, friendships, and memories I have made during my time in Madison. After much prayer and consideration, I have decided to enter the transfer portal and use a medical hardship year to continue my college football journey. I will always appreciate my time as a Badger.”

Renfro was one of the biggest supporters of Fickell publicly, being a vocal leader on the team as the starting center.

With his departure, Wisconsin could need a new starting left tackle, left guard, and center next season, depending on whether Joe Brunner heads to the NFL or returns for another season.



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