The new owner of the shuttered Old Town pulp mill is set to restart operations by the end of the week after hiring back all 180 of its laid-off workers.
The Bangor Daily News reported that Kaukauna, Wis.-based Expera Specialty Solutions hired back all of the employees at the end of December, a few weeks after acquiring the mill for $10.5 million at a bankruptcy proceeding in Bangor. Workers didn’t have to make any wage concessions or benefits reductions in coming back.
“Expera is a great fit for the Old Town mill, and I am confident that with the hard work of the employees it will remain a success story for a long time to come,” Duane Lugdon, a United Steelworkers Union international spokesman for Maine, told the newspaper.
Expera, which runs four specialty paper mills in Wisconsin, makes microwave popcorn bags, wine labels and other specialty paper products. The company was formed by New York-based investment firm KPS Capital Partners last year.
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