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Verso Company Files For Bankruptcy

January 27th, 2016 by WCBC Radio

The parent company of the Luke paper mill has filed for bankruptcy. Verso Company officials said normal operations at its mills will continue, and the company expects to emerge from bankruptcy as a viable entity. In Wisconsin, Verso has stopped payments to local wood suppliers, according to the Wisconsin Rapids Tribune. Whether any firms supplying the Luke mill have been denied payment for services is unclear. Allegany County Commissioner Bill Valentine tells WCBC News that he doesn’t anticipate any problems with the Luke Mill or any changes to the day-to-day operations at the plant…





 

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