Menasha Corp. goes with current site for new headquarters

NEENAH, Wis. (AP) - Packaging maker Menasha Corp. says it will build a new global headquarters on its existing site in eastern Wisconsin.

Post-Crescent Media (http://post.cr/1yNFvJ3 ) reports the new facility will measure more than 100,000 square feet. It will also be the national headquarters of the company's largest subsidiary, Menasha Packaging Co.

The Neenah Common Council approved a development agreement with Menasha Corp. on Tuesday, including cash incentives of $1.1 million to $1.55 million.

"Our ability to assist with the project will solidify Menasha Corp.'s presence in Neenah for generations down the road, and will enhance the community, the company and its employees," Neenah Mayor Dean Kaufert said.

Chris Haese, the city's director of community development and assessment, said the company's investment will be around $28 million.

Menasha Corp. would add 25 jobs at the new headquarters, according to Haese.

Neenah would also borrow and spend $400,000 on new turn lanes and a lighted pedestrian trail near the facility.

Menasha Corp. said demolition will begin in April, with employees relocating to other facilities, and the new facility will be ready by fall 2016. A plant attached to the existing headquarters will not be affected.

The privately held company says it has more than 4,900 employees and annual sales topping $1.5 billion.

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Information from: Post-Crescent Media, http://www.postcrescent.com