NORTHUMBERLAND, N.H. (AP) – The closed Wausau Paper mill in Northumberland, N.H., has been sold to a Connecticut-based auction and appraisal firm, but there is no word on future plans.
The buyer is Groveton Acquisitions, LLC, which is owned by William Firestone of Enfield, Conn. Firestone owns Capital Recovery Group in Enfield, Conn., which appraises and disposes of industrial and commercial property.
Neither Firestone nor officials at Wausau Paper have been available to talk about future plans. The sale did not include the property of Groveton Paperboard, which closed three years ago and shares the mill building.
Selectman Rob Larson says the $100,000 sale price is ridiculous. He says the property is worth $30 million and worries the town will be left with an empty building if the new owners come in and strip the assets.
Selectmen are meeting Thursday to discuss the sale.
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