OLD TOWN — While local millworkers and business owners said everybody is happy a Wisconsin firm plans to buy and reopen the pulp mill, a union official cautioned that several steps still need to be taken before the deal is finalized. “That is good news, (but) we still have some hurdles that have to be […]
Old Town Fuel and Fiber
Posted inBusiness, Maine
Wisconsin firm says it will buy Old Town mill, restart production
OLD TOWN — A Wisconsin firm has entered into an agreement to purchase Old Town Fuel & Fiber, according to a news release issued Tuesday by Expera Specialty Solutions. Expera intends to invest significant additional capital and resources into Old Town to ensure the highest level of production quality and capacity, the release stated. “We […]
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Posted inBusiness, Maine
Creditors petition for Old Town Fuel and Fiber’s bankruptcy, claiming $1 million in debt
PORTLAND — Four companies Friday asked a bankruptcy judge to put the shuttered Old Town Fuel and Fiber into Chapter 7 bankruptcy to satisfy their claims the company owes them more than $1 million. Red Shield Acquisition LLC, the corporation that owns the wood pulp mill and other assets in Old Town, will have an […]
Posted inMaine, sj-web
Gubernatorial candidates react to Old Town mill closure, show split on energy, jobs policies
AUGUSTA — Everyone, from Republican Gov. Paul LePage to the employees of Old Town Fuel & Fiber, expressed shock at Thursday’s announcement that the mill has indefinitely ceased operations. Now, in the midst of a heated campaign year, the focus has shifted to what caused the closure and to what can be done to avoid […]