Please do not leave this page until complete. This can take a few moments.
Verso Paper has completed its $60 million sale of its shuttered Bucksport mill to the subsidiary of Canadian scrap metal company American Iron & Metal.
The Portland Press Herald reported that AIM Development LLC, which closed on its purchase of the mill Thursday, "is in discussions with an operator" that would restart the paper mill. However, the company declined to provide further comment.
The mill was shut down by Verso in December, laying off more than 500 employees. When the closure was announced in October, Verso CEO and President Dave Patterson said that the mill "has not been profitable for a number of years, in spite of our employees' dedicated efforts to make it so."
The closing of the sale follows a failed attempt by the International Association of Machinists to halt the sale through a federal court order. Gov. Paul LePage, also a proponent of keeping the mill open, recently derided Verso executives as "bottom feeders."
Read more
Bucksport official suggests AIM will scrap mill
State, Verso settle severance pay dispute
Verso completes $1.4B merger with NewPage
Judge refuses to block Bucksport mill sale
LePage calls Verso 'bottom feeders'
Verso settles Bucksport severance payments
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
Comments