Please do not leave this page until complete. This can take a few moments.
Verso Paper announced Monday that it will sell its Bucksport mill to a subsidiary of a Montreal-based company that focuses on “scrap metal recuperation.”
The Bangor Daily News reported that Verso reached an agreement on Friday to sell the mill to the subsidiary of American Iron and Metal for about $60 million. The newspaper said the sale announcement has left Maine papermakers feeling uneasy about the mill’s future.
AIM describes itself on its website as “one of the most innovative recycling companies in the world,” with a focus on recycling metal. A subsidiary of the company last year purchased a mill from Verso in Sartell, Minn., and subsequently demolished and redeveloped the site.
Verso shut down its Bucksport papermaking machines earlier this month. Most of the mill’s 570 employees are expected to lose their jobs when the mill closes by the end of the month.
Bill Cohen, Verso’s spokesman in Bucksport, told the BDN that AIM plans to continue operating the mill’s natural gas-powered electrical generation plant. The newspaper noted that around 50 to 60 employees have stayed on to work at the plant.
Read more
Verso mill to close, lay off 570 workers
Verso delays Bucksport mill closure
GNP mill's buyer: All options are open
Old Town mill to reopen after judge OKs sale
Bucksport official suggests AIM will scrap mill
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