MORNING SENTINEL • March 25, 2025
TimberHP, the wood fiber insulation manufacturer that brought Madison’s shuttered paper mill back to life in 2023, filed for bankruptcy protection Tuesday. The company has filed a voluntary, prenegotiated Chapter 11 plan of reorganization. As part of the plan, the company said bondholders will be investing $29 million to support the transition through the bankruptcy process and to provide capital for business growth, including the construction of its third manufacturing line for the product TimberBoard. Business, meanwhile, is expected to continue as usual, including the production and sales of two existing products, TimberBatt and TimberFill.