Millinocket Mill Hiring Again
The sale of two mills in Millinocket is complete, according to an announcement Wednesday by Maine Governor Paul LePage.
Brookfield Asset Management of Toronto, Canada offloaded the mills to New Hampshire's Cate Street Capital, with help from the state of Maine throughout the process. Cate Street is a private equity firm with $6 billion in assets that focuses on alternative and renewable energy.
“With hundreds of people starting to get back to work, it’s a great day for Maine,” said Governor LePage.
The new owners plan to get the paper maker up and running quickly; they want to hire 215 workers at the East Millinocket mill so that it's operational by mid-October, according to the Bangor Daily News.
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