Summary
AUGUSTA The installation of natural gas lines and a separate renewable fuel project involving wood are part of a New Hampshire- based investors plans to buy and run the two Katahdin region paper mills, Gov. Paul LePages office said Tuesday.
Cate Street Capital of Portsmouth, N.H., which describes itself as a national leader in developing green energy companies, signed an asset purchase agreement on Tuesday for the Millinocket and East Millinocket mills for an undisclosed price. The closure of the deal could come as early as mid-September, state officials said.See the full content of this document
Extract
Nh Investor Signs Pact to Buy Mills
This is a significant milestone in our efforts to not only restore papermaking in the Katahdin region, but to create job opportunities for Mainers, LePage said in a statement. I want to commend the hard work and commitment of Brookfield [Asset Management, the mills owner] and Cate Street. We look forward to continuing to work toward a closing.
If all goes well, as many as 500 workers could be employed in East Millinocket and Millinocket in several months, said George Gervais, commissioner of the Maine Department of Economic...See the full content of this document
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