April 6, 2016

Lincoln and Old Town paper mills heading to auction

The facilities and equipment of the shuttered Lincoln and Old Town paper mills are heading to the auction block later this month after a deal to purchase the Lincoln mill with a potential buyer from India fell through.

Gordon Brothers Group, the leader of the partnership that bought the Lincoln and Old Town mills, told the Bangor Daily News that it's currently in talks with investors interested in purchasing the biomass boiler plant, a wastewater treatment facility and warehousing facilities of the Lincoln mill — but plans to auction all of the pulp-processing systems from the mill.

The property from the Lincoln mill headed to auction includes a trio of paper machines, pulp processing equipment, boilers and facilities.

The four-day auction of the mill facilities will be held online and live at the Hilton Garden Inn on Haskell Road in Bangor from April 19 to April 21, according to the BDN, with an online-only auction scheduled for April 22.

Read more

ND Paper to buy and reopen Old Town Mill, restoring 100 jobs

Lincoln mill equipment sold at auction headed out of the country

As auction begins, Lincoln Mill workers look towards possible restart

Loggers suffer one-two punch with mill and biomass plant closures

Mill closure and town’s future a hot topic at Madison town hall

Lincoln Mill intellectual property sold to liquidators

Demolition halted at former Verso Paper Mill, new contractor sought

Workers 'blindsided' by Madison mill closure


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