Katahdin region paper mills finds tentative buyer

An investment group based in California and North Carolina has signed a tentative agreement to buy the East Millinocket and Millinocket paper mills for an undisclosed price, a partner in the group said Monday.

Meriturn Partners of San Francisco and Raleigh will visit the Katahdin Paper Co. LLC mills in East Millinocket and Millinocket on Wednesday as part of the first steps toward finalizing the deal to buy and operate both, said Lee C. Hansen, a partner at Meriturn…

…The deal … is not finalized. Many conditions have to be met before it will be, including some concerns over ultimate responsibility for what some sources have called the oldest portion of the Dolby landfill in East Millinocket…

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