Madison

The Madison-based manufacturer said it plans to ramp up production with recently improved products and build out its sales force across the Northeast and mid-Atlantic regions.

Currently operating with 54 employees, the insulation manufacturer is seeking to lessen its debt via a voluntary, pre-negotiated Chapter 11 reorganization plan filed in U.S. Bankruptcy Court in Delaware.

The company, which makes high-performance wood fiber insulation, has filed a voluntary, pre-negotiated Chapter 11 reorganization plan in U.S. Bankruptcy Court in Delaware. 

The new development utilizes modular components, wood-fiber insulation from TimberHP and financing from MaineHousing — similar to a project that opened recently in Somerset County.

The first company in North America to produce insulation from wood fiber, TimberHP will install equipment and software to capture energy and raw material usage data.

The startup, which manufactures wood-fiber insulation at a former paper mill in Madison, has entered a deal with a French company to expand distribution into Canada.

A roundup of projects from around Maine includes affordable housing in Madison, a new port of entry in Madawaska and a plan for condos on Portland's East End.

In Madison, an 18-unit affordable housing site was developed by Sam Hight, Kara Wilbur and Brian Eng. It was unveiled May 28.

With Maine's median sales price surging, MaineHousing said finding "affordable homes for all Maine people has never been more daunting."

Wood fiber insulation pioneers “a movement toward more energy-efficient and healthier living environments,” said one developer.