Stories about Katahdin Paper Co. LLC

 
This shuttered paper mill in East Millinocket and the one in Millinocket were due to be purchased by New Hampshire investor Cate Street Capital on Friday, Sept.16.

Final purchase details for Katahdin paper mills being set

By Nick Sambides Jr. on Sept. 16, 2011, at 11:44 a.m.
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 ...

Posted in Business, News, Penobscot, Politics, State, State House News | 40 Comments »

The East Milloinocket paper mill is seen at night in February.

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 ...

Posted in Business, News, Penobscot | 95 Comments »

Steam rises from a stack at The East Millinocket paper mill in February, 2011. East Millinocket leaders revised a proposed property tax deal with the would-be owner of the two Katahdin region paper mills on Tuesday and are awaiting the company’s reply.

Millinocket, E. Millinocket agree to tax deals with potential mill buyer

By Nick Sambides Jr. on Sept. 13, 2011, at 4:32 p.m.
MILLINOCKET, Maine — A possible buyer of the two Katahdin region paper mills would pay $900,000 annually in property taxes to the town under a tentative arrangement town leaders accepted on Tuesday. With East Millinocket town leaders also having tentatively accepted their town’s tax deal with Cate Street Capital on ...

Posted in Business, News, Penobscot | 132 Comments »

Katahdin millworkers to get emergency aid

By Nick Sambides Jr. on June 23, 2011, at 9:58 p.m.
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 ...

Posted in Business, News, Penobscot | 46 Comments »

 
ADVERTISEMENT | Grow your business
  1. Man accused of killing Glenburn teen denied bail, has received death threats, attorney saysMan accused of killing Glenburn teen denied bail, has received death threats, attorney says
  2. Family remembers Nichole “CoCo” Cable, warns of social media dangersFamily remembers Nichole “CoCo” Cable, warns of social media dangers
  3. Kyle Dube arrest, murder charges surprising to former Orono High School classmatesKyle Dube arrest, murder charges surprising to former Orono High School classmates
  4. Glenburn woman gets 18 months for embezzling $100,000 from beagle rescue groupGlenburn woman gets 18 months for embezzling $100,000 from beagle rescue group
  5. FBI kills Florida man with suspected ties to Boston bomb suspectFBI kills Florida man with suspected ties to Boston bomb suspect
ADVERTISEMENT | Grow your business