Stories about Meriturn Partners

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 | 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 …

Special town meeting to be scheduled on East Millinocket school closure

By Nick Sambides Jr. on April 06, 2011, at 7:09 p.m.
School leaders hope to hold by May 1 a special town meeting in which residents will decide whether to close Opal Myrick School, Superintendent Quenten Clark said Wednesday. Though it was promised two weeks ago, town leaders have yet to set the meeting date, Clark said. …

Towns to make counteroffer to would-be Katahdin mills buyer

By Nick Sambides Jr. on March 14, 2011, at 1:12 p.m.
MILLINOCKET | East Millinocket and Millinocket town leaders will make a counteroffer to Meriturn Partners LLC on Tuesday that they say would give Meriturn less than the $48 million in tax breaks over 10 years that the would-be mills buyer originally requested. The East Millinocket Board of Selectmen and …

Meriturn, unions reach tentative labor agreement to speed sale of Katahdin mills

By Nick Sambides Jr. on March 10, 2011, at 12:30 p.m.
MILLINOCKET | The investment firm trying to buy two Katahdin region paper mills for $1 reached a tentative labor agreement Thursday with the mills’ unions and offered East Millinocket and Millinocket a way to help the towns increase their tax revenue if the sale occurs. Details of the agreement …

Katahdin area leaders meet with LePage on mill deal

By Matt Wickenheiser on March 08, 2011, at 9:01 p.m.
AUGUSTA | Gov. Paul LePage met with leaders from the Katahdin region for more than an hour Tuesday, discussing an investment firm’s proposal to take over paper mill operations in Millinocket and East Millinocket in return for a hefty tax break. The governor, whose professional resume includes turning around …

Katahdin region leaders to press LePage to help mills deal

By Nick Sambides Jr. on March 04, 2011, at 5:21 p.m.
Gov. Paul LePage and leaders from East Millinocket and Millinocket will meet Tuesday in Augusta to see whether the state can help the towns grant a potential buyer of two Katahdin region paper mills $48 million in local property tax breaks over 10 years, officials said Friday. LePage spokesman Dan …

Meriturn seeking Katahdin paper mill tax breaks

By Nick Sambides Jr. on Feb. 28, 2011, at 1:40 p.m.
Meriturn Partners LLC officials explained their plans and sought tax breaks for the two Katahdin region paper mills they hope to buy when they met with town and union leaders on Monday, participants said. Mark Scally, chairman of East Millinocket’s Board of Selectmen, said the tax breaks sought by Lee …
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