Posted inBusiness, Maine

Union sues Verso, AIM in effort to block sale of Bucksport mill

BUCKSPORT — A local chapter of a union on Monday sued the owner of the Verso Paper mill and the scrap metal recycling firm buying the now idled facility in an effort to block the sale. Local Lodge 1821 of the International Association of Machinists filed the complaint Monday in U.S. District Court in Bangor. […]

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LePage opposes sale, dismantling of mill in Bucksport; weighing options to intervene

AUGUSTA — Gov. Paul LePage’s administration said Wednesday that he’s concerned about the proposed sale of a Maine paper mill to a Canadian scrap metal recycler and is weighing state actions to ensure the mill remains intact. Verso Paper Corp. has reached a deal to sell its Bucksport mill to a subsidiary of Montreal-based American […]

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Gov. LePage wants to stop Verso from selling Bucksport mill

AUGUSTA — Gov. Paul LePage’s office is looking for a way to prevent Verso Paper from selling its Bucksport mill to the Canadian metal recycling firm American Iron and Metal Co., but it’s unclear what leverage the state’s leader will have in that fight. Nevertheless, Adrienne Bennett, LePage’s press secretary, said Tuesday in an email […]

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Verso sale leaves papermakers uneasy about Bucksport mill’s future

BUCKSPORT — Union officials are fearful the sale of Verso Paper’s Bucksport mill to a Canadian metal recycling company means the end of papermaking at the mill, which opened in 1930 and shut down its last paper machine Sunday. “I’m a lot less optimistic today than I was last week, for sure,” Emery Deabay of […]

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Verso sells Bucksport mill for $60 million

BUCKSPORT, Maine — Verso Paper has reached an agreement to sell its Bucksport mill and related power generation assets to a subsidiary of the Montreal-based American Iron and Metal in January for about $60 million. Verso reached the sale agreement Friday and disclosed the sale in a filing Monday with the U.S. Securities and Exchange […]

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Verso delays Bucksport closing until end of December

PORTLAND — The closing of Bucksport paper mill will be delayed until the end of December, when more than 500 people are expected to lose their jobs. Verso Paper Corp.’s Bucksport mill was initially set to shutter on Dec. 1. That’s now the day production at the mill will begin to shut down, company spokesman […]

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Verso workers being laid off from Bucksport mill will qualify for federal aid program

Bucksport’s mill closure has the potential of leaving hundreds without work. Many of the workers have families who depend on the mill as their main financial support. More than 500 workers who will lose their jobs when Verso Paper’s Bucksport mill closes in December will qualify for federal help with training, job search support or […]