State representative: Lack of wood preventing sale of Katahdin mills

MILLINOCKET, Maine — A lack of wood is one of several logjams preventing a Chinese investor from buying both Katahdin region paper mills for $1, one of the area’s state representatives says, though industry insiders say the wood’s affordability might be the real issue.

Rep. Herbert Clark, D-Millinocket, told the Town Council during its meeting Thursday that International Grand Investors Corp. of Delaware wasn’t finding enough wood in the area to make the purchase agreeable…

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