AUGUSTA (AP) – The sale of bankrupt Great Northern Paper Inc. to Toronto-based Brascan Corp. is scheduled to close Tuesday, setting the stage for hundreds of mill workers to return to their jobs.
Gov. John Baldacci and company officials planned to meet with reporters in Augusta after lawyers complete the sale in downtown Portland.
The official closing of the $103 million dollar deal will take place at the law offices of Pierce Atwood.
The Great Northern mills in Millinocket and East Millinocket have been idle since December, putting more than 1,100 people out of work.
Brascan said it plans to restart the East Millinocket mill by mid-May and that the two mills eventually will have a combined work force of 500 to 550.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.