When did Sappi buy SD Warren?
1995
The company was purchased by Scott Paper Company in 1967, and was sold again to South African Pulp and Paper Industries (SAPPI) in 1995.
What was the biggest paper mill in Maine?
Rumford Mill is a pulp mill and paper mill located in the United States town of Rumford, Maine. The mill has two kraft pulp lines and three paper machines. The mill produces 460,000 tonnes of kraft pulp and 565,000 tonnes of paper annually….
| Rumford Mill | |
|---|---|
| Owner(s) | ND Paper Corp. (subsidiary of Nine Dragons) |
What happened to the paper industry in Maine?
Demand for the paper Maine mills were producing plummeted. “We’ve all made the conversion to the electronic media,” Strauch said. “Those were the grades of paper where we were vulnerable in.” Governor Paul LePage has long blamed high energy costs.
Is Georgia Pacific going out of business?
We have ultimately decided that the required investment to sustain the operation long-term, coupled with the declining market, is not viable,” said Mike Adams, president – GP PRO and Communication Papers. “We will be working closely with our printing and writing customers during this time of transition.”
Who bought Pixelle?
H.I.G. Capital
NEW YORK – May 19, 2022 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity under management, is pleased to announce that one of its affiliates has completed the acquisition of Pixelle Specialty Solutions Holding LLC (“Pixelle” or the “Company”).
Who owns the Jay Maine paper mill?
Pixelle
Pixelle was formed in 2018 by Lindsay Goldberg & Co. LLC, a New York private investment firm. The company acquired the Jay mill, along with one in Wisconsin, from Verso Corp. (NYSE: VRS) for $400 million in February 2020.
How many paper mills are left in the state of Maine?
Six major paper mills remain: in Madawaska (Twin Rivers Paper Company), Baileyville (Woodland Pulp LLC), Rumford (Catalyst Paper), Jay (Verso Paper Company), Skowhegan (SAPPI), and Westbrook (SAPPI). Even with recent mill closures, the paper industry is far from disappearing in Maine.