Stories about Cate Street Capital
Millinocket gets glimpse of ‘game-changing technology’ that will create jobs at former mill site
MILLINOCKET, Maine — The $35 million torrefied wood machine slated for Katahdin Avenue would be at least as quiet and odor-free as the paper mill it would go next to, a representative of its New Hampshire-based developer said Thursday. Cate Street Capital project manager Dammon M. Frecker spoke publicly for ...
Cate Street’s industrial park plan will only help, Millinocket leaders say
MILLINOCKET, Maine — 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,” ...
Cate Street plans industrial park at Millinocket paper mill site
MILLINOCKET, Maine — The New Hampshire-based investor that purchased two Katahdin region paper mills in September announced plans Wednesday to turn the Millinocket site into an industrial park and launch a national marketing campaign to draw industry to the region. Leaders from Cate Street Capital of Portsmouth met in executive ...
Torrefied wood manufacturer to meet Millinocket leaders
MILLINOCKET, Maine — Municipal leaders will meet with the president and CEO of Cate Street Capital in a closed-door meeting on Monday to discuss the company’s plans for producing torrefied wood at its Katahdin Avenue paper mill site, company officials said Thursday. “It is simply a meet and greet — ...
Collins: Cate Street brightens Katahdin region’s future
EAST MILLINOCKET, Maine — U.S. Sen. Susan Collins emerged from a closed-door meeting with owners of the new Great Northern Paper Co. LLC mill confident that company plans to produce biocoal would result in big dividends for the Katahdin region, she said Thursday. Collins, R-Maine, reviewed the mill’s papermaking operations, ...
POLL QUESTION
Is East Millinocket’s Dolby landfill the next Juniper Ridge?
EAST MILLINOCKET, Maine — Operating the Dolby landfill could cost the state as much as $46.5 million over the next 30 years but it could earn many more times that if it becomes a regional trash dump like Juniper Ridge, officials say. Exactly what to do with the landfill has ...
As LePage visits, paper mill owners say they will hire 220 more workers
The company hopes to restart the Millinocket mill's production of glossy supercalendered paper.
Cate Street Capital breaks ground on New Hampshire power plant
on Oct. 06, 2011, at 8:51 p.m.
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 ...
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 ...
‘It’s make or break’: East Millinocket mill to open Oct. 10
EAST MILLINOCKET, Maine — The new owners of the local paper mill toured the facility Wednesday for the first time since buying it last week and announced plans to start filling a full year of orders with 215 workers by Oct. 10. With more than 500 job applications to review ...
One former papermaker isn’t looking to return to the mills
EAST MILLINOCKET, Maine — 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 ...
VIDEO
Hundreds of former millworkers seek work in East Millinocket
EAST MILLINOCKET, Maine — If you worked at the Main Street paper mill and needed to move something heavy, Dana Cram was your man. The 64-year-old Cram said he was the yard supervisor for 25 of his 42 years with the mill, overseeing 26 workers running dump trucks, back hoes, ...
It’s official: NH investor buys 2 Katahdin region paper mills
EAST MILLINOCKET, Maine — Two days of intensive work culminated late Friday with a New Hampshire investor’s purchase of two paper mills that will employ as many as 250 workers by mid-October and ignite a rebirth of a Katahdin region suffering a 21 percent unemployment rate. Gov. Paul LePage’s office ...
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 ...
Katahdin mills deal to close Friday
EAST MILLINOCKET, Maine — A New Hampshire-based investor will buy two shuttered paper mills for an undisclosed price sometime Friday, putting as many as 500 people back to work in what could spark an economic rebirth of northern Maine’s Katahdin region. Richard Cyr, a senior vice president at Cate Street ...
Katahdin unions support tentative deal with paper mills’ suitor
By Nick Sambides Jr. on Sept. 14, 2011, at 11:19 p.m.
EAST MILLINOCKET, Maine — More than 400 union members helped clear what might be the last hurdle to restarting two Katahdin region paper mills by overwhelmingly supporting a tentative contract late Wednesday with a prospective investor, officials said. Under the five-year deal, Cate Street Capital would pay workers the same ...
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 ...
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