The donation will fund the launch of the SHAW Challenge, a four-year initiative designed to transform how Maine communities address the youth mental health crisis in schools and communities.
The company would be the first to sign on as a tenant at the former Great Northern Paper site, which the town of East Millinocket bought last year with the intention of developing a forest-industrial park.
The investment firm Clayton, Dubilier & Rice is already a major shareholder in the company. But the additional stake gives the firm two seats at the Covetrus board table and larger voting rights.
Senior management changes continue at the Portland-based animal-health company, which has seen repeated turnover in its C suite over the past few months.
Covetrus Inc. on Tuesday reported financial results for the year’s third quarter that include a write-down of the company’s goodwill value by nearly $1 billion.
Less than a month after he and the animal-health products company he led were sued over securities fraud allegations, the president and CEO of Portland-based Covetrus Inc. has resigned.
The animal-health products company based in Portland is being sued by investors who claim Covetrus made false statements about its capabilities before going public in February.