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.
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