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John Halle, the CEO of Cate Street Capital

Both sides rest in Cate Street CEO fraud trial that raises ‘unique questions’

PORTLAND | After more than eight hours of testimony, both sides in a complicated fraud case brought against Cate Street Capital CEO John Halle rested Thursday, leaving open the possibility of settlement talks as a final decision from U.S. District Court Judge George Z. Singal likely will not come …
John Halle, president and CEO of Cate Street Capital

Cate Street CEO in settlement talks on $2.4 million suit, pushing back trial date

PORTLAND | Cate Street CEO John Halle and the former business partner seeking to collect a legal judgment of at least $2.4 million have entered settlement talks that started last week. The parties are seeking to settle in federal court, where plaintiff Richard Davimos filed charges that Halle illegally …

Cate Street Capital breaks ground on New Hampshire power plant

BERLIN, N.H. — Cate Street Capital, the same company that recently purchased the mills in East Millinocket and Millinocket, has broken ground on a Burgess BioPower plant in northern New Hampshire. The $275 million, 75-megawatt facility is expected to generate power from biomass wood chips by late 2013. “The construction …
John Halle, the president and CEO of Cate Street Capital, at the East Millinocket mill.

Cate Street leader fights to avoid paying $2.3 million award from personal lawsuit

PORTLAND | Cate Street Capital’s chief executive John Halle continues to fight a 14-year legal battle over a New York judge’s ruling that he owes $1 million to a former business partner. The case moved to Maine last year, amid allegations that Halle shifted ownership of properties in the …
John Halle, president and CEO of Cate Street Capital, visits the East Millinocket Mill in October.

Cate Street buys biocoal technology rights for $20M

MILLINOCKET | Cate Street Capital has purchased for more than $20 million the North American rights to the technology to manufacture biocoal, a huge step toward adding the production of treated wood at its Katahdin Avenue paper mill and creating several hundred jobs, officials said Thursday. Cate Street subsidiary …
Cate Street Capital project manager Dammon M. Frecker speaks at a Millinocket Town Council meeting during his slideshow presentation on Thursday.

Cate Street plugs pellet mill proposal, promises to pay overdue taxes

MILLINOCKET | The developers of a $140 million pellet mill slated for the Katahdin Avenue industrial park gave a preview of its plans to town leaders Thursday and promised to pay the $2.3 million in property taxes its firm owes the town within three months. Cate Street Capital project …
Representatives of Cate Street Capital, which plans to fund a pellet mill in Millinocket, listen during a meeting of the Finance Authority of Maine board of directors recently.

Firm pulls $10 million investment in Cate Street’s Millinocket project

PORTLAND | The New Jersey-based investment firm CCG Community Partners has withdrawn its $10 million investment in Thermogen Industries in Millinocket for the same reasons a Maine-based investor pulled $20 million in funding earlier this month. Paul Hoffman, CCG’s managing director, said in an email to the Bangor Daily …
Millinocket Town Council Chairman Richard Angotti Jr. (left), Town Manager Peggy Daigle (center) and Cate Street Capital President and CEO John Halle emerged from an executive session at the Millinocket town office on Friday.

Millinocket, Cate Street leaders working to settle tax debt

Cate Street Capital leaders worked to negotiate a tax settlement and discussed their economic development plans with town officials on Friday in a closed-door session that both sides called productive. “It was a great conversation,” Cate Street President and CEO John Halle said after the 2¼ hour …

Katahdin paper unions to discuss Cate Street offer

EAST MILLINOCKET | Unions representing more than 400 workers will meet Wednesday to vote on a contract offer from a New Hampshire-based investor seeking to buy the two Katahdin region paper mills, a union official said Friday. United Steelworkers Locals 152 and 37 and the Katahdin Trades Council announced …
This shuttered paper mill in East Millinocket and the one in the Millinocket werepurchased by New Hampshire investor Cate Street Capital.

East Millinocket mill’s restart delayed a week

Its plans to restart the local mill have been delayed by a week, but the parent company that owns the two Katahdin region paper mills will break ground on a $275 million biomass boiler in New Hampshire on Thursday, a company spokesman said Wednesday. Under Cate …
Thermogen Industries, a subsidiary of Cate Street Capital, supplied a rendering of its proposed torrefied wood facility at the Katahdin Avenue paper mill site in Millinocket to the Town Council on Wednesday, April 25, 2012.

Cate Street’s industrial park plan will only help, Millinocket leaders say

Town leaders so far have had a favorable reaction to Cate Street Capital’s proposal to turn the Katahdin Avenue paper mill site into a nationally advertised industrial park. “It is a positive thing,” Town Councilor Gilda Stratton said after the council’s meeting Thursday. “It is all positive,” …
John Halle the President and CEO of Cate Street Capital at the East-Milinocket Mill.

Cate Street CEO: I don’t have a bank account or stake in GNP, Thermogen

PORTLAND | Cate Street Capital CEO John Halle testified in court Thursday that he has no personal bank account and no financial stake in Cate Street or the companies it was formed to manage, like Thermogen Industries and Great Northern Paper Co. On Thursday, GNP auctioned off its No. …
Use of a Mitsubishi MU2 turboprop aircraft has held up settlement talks between Cate Street Capital CEO John Halle and a former business partner, Richard Davimos.  The plane (pictured in 2004) is registered in Portsmouth, New Hampshire, where Cate Street has its headquarters.

Corporate plane fuel dispute stalls Cate Street CEO’s $1.9 million legal settlement

PORTLAND | The Cate Street Capital CEO who swore under oath that he does not have a personal bank account in December crafted a deal to pay a former business partner $1.9 million to settle a bundle of lawsuits between them. But then came the hitch for the former …
John Halle the CEO of Cate Street Capital

Cate Street CEO, his wife testify on first day of fraud trial

PORTLAND | The chief executive officer of the company that managed the now bankrupt Great Northern Paper Co. and his wife took the stand Wednesday on the first day of a fraud trial brought against them by a former business associate. The bench trial stemming from a 5-year-old $1.6 …
The Katahdin Avenue industrial park in Millinocket is a shell of what it was in this picture taken May 4, 2014.

Millinocket lien ‘interferes with’ Cate Street revitalization efforts, company says

The town’s lien seeking $2.24 million in delinquent property taxes from a local paper company managed by a New Hampshire investor “interferes with” but won’t stop the investor’s efforts to revitalize the Katahdin region, according to a company spokeswoman. Cate Street Capital officials will continue working to …
The East Millinocket Paper Mill.

LePage: Cate Street closes deal on Katahdin paper mills

EAST MILLINOCKET | New Hampshire-based investor Cate Street Capital is the full owner of the two Katahdin region paper mills and has plans to return hundreds of people to work, Gov. Paul LePage said Wednesday. LePage announced the final sale transaction between Cate Street Capital and the previous owner, …
Gov. Paul LePage high-fives a bystander as he walks in Brewer during a Fourth of July parade on Thursday.

LePage: State helping Cate Street with East Millinocket mill

BREWER | State leaders are working with Cate Street Capital to help the New Hampshire firm keep its East Millinocket paper mill operational, Gov. Paul LePage said Thursday. “We are trying to work with them, but it is difficult,” LePage said before he marched in the Bangor Fourth …
Richard Angotti Jr.

Cate Street to meet with Millinocket council in closed-door session

A New Hampshire investor in two Katahdin region paper mills will meet with town leaders behind closed doors on Friday, officials said Thursday. Town Council Chairman Richard Angotti Jr. declined to comment on the subject matter of the meeting with Cate Street Capital. It follows councilors’ 1½-hour …
This shuttered paper mill in East Millinocket and the one in the Millinocket were purchased by New Hampshire investor Cate Street Capital earlier this month.

Boiler down for repairs at East Millinocket mill

EAST MILLINOCKET, Maine – A boiler malfunction at the new Great Northern Paper Co. LLC mill on Main Street will temporarily halt newsprint production, company officials said Tuesday. The suspension will not affect customer relations, company officials said. The repairs and restart should occur in the next few days. The …
This shuttered paper mill in East Millinocket and the one in the Millinocket were purchased by New Hampshire investor Cate Street Capital on Sept. 17, 2011.

One former papermaker isn’t looking to return to the mills

EAST MILLINOCKET | Pat Stanley comes from a papermaking family and was a machine operator at the Main Street mill for decades. Dozens of people went to the Katahdin Region Higher Education Center on Monday to apply for work at the East Millinocket and Millinocket paper mills sold in …