Please do not leave this page until complete. This can take a few moments.
A group of asset liquidators led by the Gordon Brothers Group of Boston have acquired the trademarks, patents and other intellectual property of the former Lincoln Paper and Tissue mill for $75,000.
The sale, which was cleared by a Portland bankruptcy judge on Friday, will now allow the mill’s new owners to sell papermaking equipment that uses “patented methods, specific product recipes or proprietary software” according to the Bangor Daily News.
More than 50 employees of the former mill have objected to the sale, saying that it will likely put a nail in any possibility of resuming production at the mill.
The mill workers asked the court for more time to organize a group of possible investors to make a counteroffer on some of the equipment, but no other objections were filed by the court’s March 15 deadline.
Read more
Expedited hearing sought for sale of Lincoln mill's IP rights
LHL Holdings gets green light for updated mill project
Workers 'blindsided' by Madison mill closure
Lincoln and Old Town paper mills heading to auction
As auction begins, Lincoln Mill workers look towards possible restart
Lincoln mill equipment sold at auction headed out of the country
Lincoln mill owners squabble over financing claim from former employee
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