Going public:Appleton deal in the works

DAYTON, Ohio (WDTN) - Hicks Acquisition Company II is expected to acquire Appleton Papers and pump cash into the manufacturer that maintains a plant in West Carrollton.  However, with approval the move will not stop the layoffs that are taking place right now at the West Carrollton facility.

2 News spoke with Appleton's corporate communications manager in Wisconsin by phone to find out more about what's being called a $675 million business combination.  With proper approval the move will make Appleton Papers a publicly traded company this summer and the new name will be Appvion.

300 people are still being let go from the West Carrollton plant and should be gone by mid-June, according to Bill Van Den Brandt.  That will leave 105 employees there. Van Den Brandt said Appleton has been providing training and career help to those impacted. 

The West Carrollton site makes a special type of paper that you find used in credit card receipts.