Stories about Brookfield Asset Management
New York investment firms to purchase Madawaska paper mill
MADAWASKA, Maine — The majority owner of Twin Rivers Paper Co. plans to sell its stake in the company to a pair of New York area investment firms. Brookfield Asset Management, based in Toronto, will sell its 51 percent controlling interest in Twin Rivers Paper to Blue Wolf Capital Partners, ...
Brookfield trying to sell interest in Madawaska paper mill
MADAWASKA, Maine — The majority owner of the Twin Rivers Paper Co. is seeking to sell its stake in the company. Brookfield Asset Management confirmed Wednesday that it is looking for a buyer for its 51 percent share in Twin Rivers, which employs approximately 1,200 at its paper operations in ...
East Millinocket mill’s restart delayed a week
EAST MILLINOCKET, Maine — 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 ...
LePage: Cate Street closes deal on Katahdin paper mills
EAST MILLINOCKET, Maine — 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, ...
One complaint filed with state on transfer of landfill to complete mill sale
EAST MILLINOCKET, Maine — Cate Street Capital appeared well on its way over the last hurdle late Tuesday to assuming full ownership of the two Katahdin region paper mills, with state environmental officials saying they saw no significant problems with the transfer of the Dolby landfill to the state. As ...
DEP commissioner approves operating licenses for mills’ new owners
AUGUSTA, Maine — Maine Department of Environmental Protection Commissioner Patricia W. Aho signed over operating licenses for two dormant paper mills to their imminent owner late Wednesday afternoon, a move that brings the restoration of hundreds of jobs in the Katahdin region one step closer to reality. DEP spokeswoman Samantha ...
Final purchase details for Katahdin paper mills being set
EAST MILLINOCKET, Maine — State officials said they hoped that by late Friday a New Hampshire-based investor would buy two shuttered paper mills for an undisclosed price, re-employing several hundred millworkers. “They have the [final] paperwork in front of them right now,” Adrienne Bennett, spokeswoman for Gov. Paul LePage, said ...
LePage optimistic that Katahdin mills will restart
AUGUSTA, Maine — Gov. Paul LePage is optimistic that a New Hampshire investor will close a deal to buy the two Katahdin region paper mills by midnight Thursday, putting several hundred people back to work, his spokeswoman said Wednesday. “We are getting very close to that deadline but we are ...
Potential buyer of mills plans quick restart for ‘GNP’
EAST MILLINOCKET, Maine — A New Hampshire-based investor seeking to buy the two Katahdin region paper mills plans to call its mill-operating subsidiary “Great Northern Paper Co. LLC” — harking back to the mills’ origins — and invest $20 million to $25 million in the Main Street mill as soon ...
Brookfield grants Katahdin paper mills another reprieve
EAST MILLINOCKET, Maine — The Toronto-based corporation that owns the two Katahdin region paper mills is giving Gov. Paul LePage more time to close a deal with a potential buyer of the mills, he said Tuesday. “We are cautiously optimistic that a deal can be reached to re-establish the long ...
Katahdin millworkers to get emergency aid
EAST MILLINOCKET, Maine ― About 450 workers laid off in the Main Street paper mill’s closure in April will be the beneficiaries of a $657,841 National Emergency Grant, U.S. Rep. Mike Michaud said Thursday. The U.S. Department of Labor is awarding the grant to the Maine Department of Labor to ...
Mill jobs hang in balance, lawmakers warned
AUGUSTA, Maine — Town officials from the Katahdin region joined the LePage administration on Friday in urging state lawmakers to approve a bill that would allow the state to purchase a landfill tied to the fate of roughly 600 papermaking jobs in the area. Brookfield Asset Management, the parent company ...
LePage tells legislative leaders he’s moving out of State House because of ‘censorship’
Maine Sports Hall of Fame member, DJ Dana Wilson convicted of child pornography possession
Community members rally in memory of Nichole Cable; events, fundraisers planned
After 27 years, a father continues to search for his daughter, presumed dead
The scramble to fill the 2nd District seat if Mike Michaud runs for governor
Rep. Diane Russell’s fool’s errand
How the omnibus energy bill will benefit Maine
Goodwin steps down as Brewer High School boys basketball coach
UMaine trails Binghamton 8-2 in suspended game at America East baseball tourney
Live Updates: UMaine baseball vs. Binghamton in America East tourney; to resume at 2 p.m.
Brewer softball players brighten games with orange sunglasses
Decorated Howland war hero Samuel Deeds finalist for NASCAR honor
‘All That’ actress Amanda Bynes arrested after allegedly tossing bong out apartment window on 36th floor
Maine School of Science and Mathematics alumni drawn to give back to magnet school
New York City rumble showcases Maine’s lobster roll dominance
Get all dressed up for the season’s salad days
Music video about “untold stories of Lewiston” features local fire scenes