Stora Enso has signed an agreement to divest its Corenso business operations to the Finnish packaging materials company Powerflute Oyj, according to a release from the company.
Corenso North America is located in Wisconsin Rapids. It employs about 165 full-time workers between its two units, core board machine and converting operation, as well as local management, said Tom Janke, president, Corenso NA.
Corenso North America also has a minority ownership in Crown Fibre, of Kentville, Nova Scotia.
Janke said no changes are expected to the local business.