1962 – 2016 LEWISTON — Joey D. Smith, 53, of Woodland Avenue, Mexico, passed away on Sunday, March 6, at Central Maine Medical Center from complications after beating cancer, with his son and father at his side. He was born in Rumford on May 10, 1962, a son of Clarence D. and Mary E. (Bickford) […]
NewPage
Posted inBusiness, sj-web
Federal judge reviews NewPage, Verso merger
PORTLAND — Since merging with NewPage, Verso Paper Corp. has announcedlayoffs of 610 people, including 300 at its Jay mill. Meanwhile, the mill in Rumford that Verso sold to Catalyst Paper laid off 50 workers. Attorneys representing those laid-off or soon-to-be-laid-off workers made their case before a federal judge Monday afternoon that the closures are […]
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Bucksport union challenges federal approval of Verso-NewPage merger
BUCKSPORT — The union representing 58 workers at the Bucksport paper mill Verso closed in December 2014 has asked a federal judge to require resale of the mill to a paper maker or make stricter its settlement that allowed Verso to buy its larger competitor, NewPage. The International Association of Machinists and Aerospace Workers on […]
Posted inRiver Valley
Rumford, Wisconsin paper mills sold for $62.4 million cash
RUMFORD — A Canadian paper company has bought Rumford Paper Co. and a second NewPage mill in Biron, Wis., for $62.4 million in cash. Rumford mill spokesman Tony Lyons said the sale went through at about 11:30 a.m. Wednesday. “As of right now, the Rumford and Biron paper mills are officially part of the Catalyst […]
Posted inBusiness
Verso reaches settlement with Department of Justice to purchase NewPage
RUMFORD – Verso Paper Corp. announced Wednesday that it reached a settlement with the U.S. Department of Justice, allowing it to move forward with its acquisition of NewPage Holdings Inc. for approximately $1.4 billion. The merger, originally announced on Jan. 6, 2014, had been held up due to an antitrust review by the U.S. Department […]
Posted inBusiness, sj-web
NewPage-Verso deal clears antitrust hurdle
PORTLAND — Verso Paper Corp. reached a settlement with federal antitrust regulators to buy its larger competitor NewPage for about $1.4 billion, putting a long-sought deal to restructure both coated paper companies near completion. Verso announced the breakthrough for the deal Wednesday morning, stating that the two paper makers reached a settlement that needs approval […]
Posted inLewiston-Auburn
2014: A year of tragedies, triumphs and tribulations
At first glance, 2014 looks like a year of staying the course — of familiar faces and the unchanging Maine way of life. We elected a new governor who wasn’t new to us at all. We voted against a referendum that would have changed the way sportsmen hunt bears in the Maine woods. A popular […]
Posted inRiver Valley
Firefighters knock down paper machine fire at NewPage mill
RUMFORD — Heat from a mechanical failure ignited a fire in the No. 15 paper machine at NewPage’s paper mill Monday, fire Chief Robert Chase said Tuesday. There were no injuries and no damage to the machine, he said. Over 25 firefighters from four towns responded to the scene at around 3:20 p.m. “We immediately […]
Posted inRiver Valley
Mill employees, town officials ‘cautiously optimistic’ about sale
RUMFORD — NewPage employees and town officials said Friday that the purchase of the Rumford Paper Co. by Catalyst Paper Corp. is a positive step forward for the community. Rumford mill spokesman Tony Lyons said the deal happened Thursday evening and mill officials were still processing the decision. “What I can say is that we’re […]
Posted inRiver Valley
Canadian paper company to purchase NewPage in Rumford
RUMFORD — A Canadian paper company is buying the Rumford Paper Company and a second NewPage mill for $74 million in cash. Catalyst Paper Holdings, based in British Columbia, announced the transaction. In addition to Rumford, Catalyst also will buy a NewPage paper mill in Biron, Wis. NewPage employs about 800 people at its Rumford […]