Masardis

The nonprofit will work to expand jobs, recreation and economic opportunities for the region, and is led by seven business and civic leaders with longstanding ties to the Aroostook County town.

Aroostook County's largest sawmill has been sold to a new Canadian owner, Groupe Lebel of Riviere-du-Loup, Quebec. Terms of the acquisition were not disclosed.

The Finance Authority of Maine at its board meeting on Thursday approved 90% loan insurance on a loan totaling $944,000 by TD Bank to Maibec USA LLC, a wholly owned subsidiary of Groupe Maibec Inc. that's part of a family-owned Canadian company headquartered in Quebec, Canada.

The new owner of Fraser Timber's lumber mill in Masardis is planning to lay off 135 workers for the next four weeks because of a downturn in the market.

A lumber mill that employs about 135 people in a small Aroostook County town has been purchased...

A Quebec-based wood-processing company has signed an agreement to purchase Fraser Timber LLC’s lumber mill in Masardis,...