BINGHAM, Maine — A Maine sawmill that once employed about 75 people is headed to Siberia.
The former Morgan Lumber Co., mill in Bingham has been foreclosed, sold, dismantled and will be shipped to Siberia in pieces.
Over the last the last two months, crews have dismantled the building, with the buyer taking both the structure and the equipment. Now all that’s left of the 28,000-square-foot sawmill are several steel roof girders.
The mill produced framing lumber for construction projects. It closed in May 2006 and a creditor foreclosed on the property. Tom Morgan, who said he owned the mill for more than 10 years, currently runs a lumber yard at the former mill site, on parcels totaling about 40 acres.
Morgan’s attorney, J. William Batten estimated Morgan owed the bank a total of $850,000 for the mill, according to paperwork filed in U.S. Bankruptcy Court in Bangor. He also estimated the mill is currently worth about $500,000, meaning the bank would lose $350,000 when it sold.
The Kennebec Journal says the company that foreclosed on the property sold it to a Russian company.