Northern Maine paper mill to get new owner

NY investment firms to buy company that owns northern Maine paper mill

Associated Press

MADAWASKA, Maine (AP) -- A northern Maine paper mill is being sold to two New York-based investment firms.

Blue Wolf Capital Partners and Atlas Holdings announced Wednesday they have reached an agreement to buy a controlling interest in Twin Rivers Paper Co. from Brookfield Asset Management, based in Toronto.

Twin Rivers is a specialty paper company with a paper mill in Madawaska, a pulp mill in Edmundston, New Brunswick, and a sawmill in Plaster Rock, New Brunswick. Its headquarters are in South Portland.

Company officials say the transaction is expected to be finalized in about three weeks. Financial terms aren't being disclosed.

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