Mill Owner Looking for Buyer
The company that bought the bankrupt Lincoln Paper and Tissue mill says it would entertain selling the property to someone who wants to restart the mill.
The Gordon Brothers Group, based in Boston, said in a statement that its purchase represents an opportunity "for a strategic operator to restart the mill." The company said it would keep the idle mill warm to facilitate a restart if a buyer comes forward.
The group announced that it has completed the purchase of the property for $5.9 million for the mill at a bankruptcy auction last month.
The company specializes in liquidating industrial assets. But if that doesn't happen, then the assets will be sold.