paper industry – Page 3 – The Portland Press Herald

Verso, investors reach agreement on sale of Jay mill

by Peter McGuire January 31, 2020January 31, 2020

The paper company and a shareholder group have agreed to move ahead with a $400 million deal to sell the company’s mills in Maine and Wisconsin.

Business, Local & State, News

Verso urges shareholders to approve sale of 2 mills, including 1 in Maine

by Edward D. Murphy January 20, 2020January 21, 2020

The company has been in a dispute with 2 dissident shareholders, private equity firms Atlas Holdings and Blue Wolf Capital Partners, which oppose the sale of the mills and back their own slate of directors for Verso’s board.

Business, Local & State, News

Investor takeover could ‘derail’ sale of Jay mill, Verso board claims

by Peter McGuire December 30, 2019December 30, 2019

Three board members nominated by an investment group could pave the way for a merger with another paper company, the company’s board of directors warns shareholders.

Business

Verso proposes new board leadership to fend off investor coup

by J. Craig Anderson December 11, 2019December 12, 2019

The corporate maneuvering does not appear to pose a threat to Verso’s pending sale of the Androscoggin Mill in Jay.

Maine Voices, Op-eds, Opinion

Maine Voices: Forest products industry has much to celebrate

by Patrick Strauch Special to the Press Herald October 21, 2019October 21, 2019

New investment in plant modernization and new goods heading to market mean the industry is back on the rise.

Editorials, Opinion

Our View: New forest products put Maine on right track

by The Editorial Board August 22, 2019August 21, 2019

Wood fiber insulation and bridge supports are restoring jobs that were lost to declines in the paper industry.

Business, Local & State, News

Maine paper industry gets a boost, with Jay mill in line for investment of millions

by Peter McGuire August 8, 2019August 8, 2019

Verso Corp. plans to add products and increase production at its Androscoggin Mill in Jay, where about 500 people work.

Local & State, News

State rules Madison doesn’t have to pay $1 million tax abatement to former mill

by Meg Robbins August 5, 2019August 6, 2019

Madison Paper Industries has 30 days to appeal the decision, but its lawyer, Jonathan A. Block, has not received indication of the company’s plans to do so as of Monday afternoon.