-
PublishedFebruary 3, 2020
Verso shareholders approve sale of Jay mill
The paper company offloaded two paper mills, one in Maine and another in Wisconsin, to a privately held specialty paper company.
-
PublishedJanuary 31, 2020
Verso, investors reach agreement on sale of Jay mill
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.
-
PublishedJanuary 20, 2020
Verso urges shareholders to approve sale of 2 mills, including 1 in Maine
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.
-
PublishedDecember 30, 2019
Investor takeover could ‘derail’ sale of Jay mill, Verso board claims
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.
-
PublishedDecember 11, 2019
Verso proposes new board leadership to fend off investor coup
The corporate maneuvering does not appear to pose a threat to Verso's pending sale of the Androscoggin Mill in Jay.
-
PublishedAugust 22, 2019
Our View: New forest products put Maine on right track
Wood fiber insulation and bridge supports are restoring jobs that were lost to declines in the paper industry.
-
PublishedAugust 8, 2019
Maine paper industry gets a boost, with Jay mill in line for investment of millions
Verso Corp. plans to add products and increase production at its Androscoggin Mill in Jay, where about 500 people work.
-
PublishedAugust 5, 2019
State rules Madison doesn’t have to pay $1 million tax abatement to former mill
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.
-
PublishedJuly 26, 2019
Old Town mill hires workers, plans to reopen in August
The mill has hired 130 workers out of more than 1,000 applicants as it gears up to begin producing pulp next month.
-
PublishedJuly 10, 2019
Major upgrade of 75 miles of rail will serve Maine’s resurgent paper industry
Pan Am Railways is matching a $17.5 million federal grant in the $35.5 million project to upgrade its main line in southern and central Maine.
Paper industry
advertisement