Share, , Google Plus, Pinterest,

Print

Posted in:

WKIT News: Shuttered Paper Mill to be Sold, Reopened Next Year

OLD TOWN, Maine (AP) — A shuttered Maine paper mill may reopen next year under new ownership.

ND Paper LLC, which also owns a paper mill in Rumford, said Wednesday it has an agreement to purchase the Old Town property from OTM Holdings LLC. ND Paper will pay an undisclosed amount and promises it will bring over 100 high-paying jobs to the area.

OTM Holdings bought the mill in January, also saying it would bring 100 jobs to the area as it aimed to attract tenants.

The University of Maine’s forest bioproducts research institute has a research center in the mill’s warehouse, which city officials say will remain on the property.

ND Paper says it expects the mill to restart in the first quarter of 2019.

Your WKIT News update is brought to you by Chase Toys Inc. Visit Chase Toys for all of your Ski-Doo needs. Find them at 417 Thorndike Road in Unity, or visit them online to check out their 2019 inventory!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.