A Shift in Ownership with the Sale Complete, Tennessee-Based Verso Paper Takes Over Mill Operations at the Former Ip Facility in Bucksport

Summary


BUCKSPORT - The paper mill has a new owner and a new name.

Verso Paper took over operation of the mill here Tuesday after the terms of the previously announced sale by International Paper Co. were completed. The sale transfers IP's coated and supercalendered paper business, which includes mills in Bucksport and Jay, to the newly created company.

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A Shift in Ownership with the Sale Complete, Tennessee-Based Verso Paper Takes Over Mill Operations at the Former Ip Facility in Bucksport

"This is Day One," said mill spokesman Bill Cohen. "We are no longer owned by IP."

The new sign bearing the Verso logo had been installed on Monday, bu...

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