KIMBERLY, WI (WTAQ) - Officials at NewPage say they have a buyer for the vacant Kimberly plant.
AIM Demolition out of Montreal is reportedly purchasing the former paper mill. AIM Demolition is a metal recycling company.
Village leaders were surprised by the sale and hope that this means jobs will be coming back to Kimberly. But they also know the new owner could gut the mill for scrap.
This comes after a different buyer, thought to be close to taking over, back off in late April. Residents and business owners are running thin on optimisim.
"Business in my area's been down for, well since the mills been down," Marty's Supper Club owner Rick Halet told FOX 11. "It definitely hurt. I was hoping to see it come back up, but who knows now."
Though years have passed since the mill's closure, Halet has kept hope his idle view would change. The club sits across from the mill, adjacent to the union hall.
He says its disappointing to hear NewPage, the mill's current owner is selling the facility to AIM Demolition USA, a Montreal based metals recovery and recycling company.
"At one time they had what 400, 600, people working there, they were down to a couple hundred at the end, but now there's nothing," Halet said.
NewPage said Tuesday it has signed a purchase agreement with the company with the sale expected to close by the end of the month. Officials offered no details on what that company is planning.
AIM's website says it has metal recycling operations in several Canadian provinces, Ohio and Georgia.