OLD TOWN — While local millworkers and business owners said everybody is happy a Wisconsin firm plans to buy and reopen the pulp mill, a union official cautioned that several steps still need to be taken before the deal is finalized. “That is good news, (but) we still have some hurdles that have to be […]
paper industry
Posted inBusiness, Maine
Wisconsin firm says it will buy Old Town mill, restart production
OLD TOWN — A Wisconsin firm has entered into an agreement to purchase Old Town Fuel & Fiber, according to a news release issued Tuesday by Expera Specialty Solutions. Expera intends to invest significant additional capital and resources into Old Town to ensure the highest level of production quality and capacity, the release stated. “We […]
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Out-of-state mills interested in hiring Verso Paper workers
BUCKSPORT — Paper mills outside of Maine are interested in hiring Verso Paper workers, whose jobs are expected to come to an end when the Bucksport paper mill closes its doors on Dec. 1. Flambeau River Papers in Wisconsin and Boise Paper in Minnesota have reached out to Dave Milan, economic development director for Bucksport, […]
Posted inBusiness, Maine
Cutler: Maine should buy Verso’s Bucksport energy plant if new paper mill operator not found
PORTLAND — Eliot Cutler has called and written to the CEO of Memphis-based Verso Paper, asking the company to sell its Bucksport mill to a buyer that would continue to make paper there. If not, the independent gubernatorial candidate said that as governor he would promote a plan to have the state buy Verso’s energy […]
Posted inMaine
Michaud unveils plan to help Maine’s paper industry as LePage seeks buyer for Bucksport mill
BREWER — Maine’s candidates for governor weighed in Thursday on the announced closure of the Verso mill in Bucksport by airing ideas for preserving the paper industry and criticizing the policies and inaction they said led to the economic bad news. Verso officials announced Wednesday afternoon that the local mill will shut down by the […]
Posted inBusiness, sj-web
Michaud offers plan to protect paper mill jobs in Maine
BREWER — Gubernatorial candidate and U.S. Rep. Mike Michaud unveiled a plan to protect the remaining paper mill jobs in Maine and help communities hit by mill closures during a press conference Thursday at the Eastern Maine Labor Council office. The plan, which Michaud said he would put into effect if he’s elected in November, […]
Posted inBusiness, Maine
‘The mill is gone, but we’re not’: Katahdin region, state reflect on Labor Day
EAST MILLINOCKET — In the gloomy days that immediately followed the February shutdown of the local paper mill, mill workers would gather in town neighborhoods and walk every morning, sometimes for miles, Greg Libby says. They’d be in groups of three or four. They would discuss the weather, sports, their families, but the purpose of […]
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NewPage rethinks merger with Verso
Verso Paper’s $1.4 billion acquisition of NewPage Holdings Inc. appears to be closer to falling apart after NewPage made clear last week that it would not waive certain refinancing provisions contained in the original merger agreement, and would be forced to “re-evaluate” the deal if Verso is not able to meet its commitments. At issue […]