It’s official: NH investor buys 2 Katahdin region paper mills

By Nick Sambides Jr., BDN Staff

EAST MILLINOCKET, Maine — Two days of intensive work culminated late Friday with a New Hampshire investor’s purchase of two paper mills that will employ as many as 250 workers by mid-October and ignite a rebirth of a Katahdin region suffering a 21 percent unemployment rate.

Gov. Paul LePage’s office announced the creation of the new Great Northern Paper Co. with parent company Cate Street Capital of Portsmouth, N.H.,