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Maine Urban Timber Co. began last year after Niles Krech and Steve Pracher built a sawmill, and has caught a growing tide for large slabs made from trees that would normally end up as chips.
The $1.6 million acquisition is the company’s fifth location and first to open in Maine. Search parameters included being south of Portland, the broker said. A strong tenant helped clinch the deal.
Founder Chris Sieracki and President and CEO Kent Peterson recently stepped down, and Peterson has been succeeded by an executive of a California company. Fluid Imaging was purchased last year by Yokogawa Electric Corp. of Japan.
Cianbro Corp. built the entrance structure for Portsmouth Naval Shipyard's new "superflood basin" over the past year and a half in Portland. On Sunday, the huge component was slowly towed to Kittery.
Bath Iron Works has provided design and technical services for Burke-class destroyers since 1987, and will continue to perform that work under a one-year contract extension.
The plant is Louisiana-Pacific Corp.’s second-longest-running mill, commissioned in 1981. The conversion will increase manufacturing of its flagship siding and trim product and consumption of locally sourced fiber by 30%.
Sean Fawcett, who is a senior yacht design instructor who has been at the Arundel school since 2013, will take over the post, succeeding Richard Downs-Honey.
California-based Nautilus Data Technologies will build an 84,000-square-foot data center on the former Great Northern Paper mill site, becoming the anchor and first tenant for the innovation and technology campus there.
Michael Gamash, then a civilian employee of Portsmouth Naval Shipyard, stole $60,000 of scrap metal from the yard over a two-year period.
Industrial software maker HighByte plans to use its winnings to provide competitive salary offers to new graduates and experienced developers, effective immediately, the company's co-founder and chief marketing officer told Mainebiz.
While the Pentagon had planned to spend 2022 funding on two Navy destroyers, President Joe Biden's budget only pays for one.
At Southern Maine Community College, students are discovering unexpected careers in precision machining and manufacturing, and job possibilities that are "endless."
The plant is expected to begin production in the fall, and is the anchor tenant in the town-owned developing innovation park at the former Great Northern Paper mill site.
In this Q&A with Mainebiz, a company executive sheds light on a novel job recruitment approach and hiring plans for its three factories in Maine.
The new digs will double production capacity, realize economies of scale and increase the company's ability to import innovative technologies, it says. New hires are on tap, too.
Somerset County commissioners disbursed tax increment financing money that includes funds for the Skowhegan Run of River project, Bigelow Brewing Co.'s downtown building redevelopment and Maine Plywood, which is building a plant in Bingham.