- Associated Press - Friday, October 31, 2014

RUMFORD, Maine (AP) - A Canadian company is entering into an agreement to buy the Rumford Paper Co. mill.

The Portland Press Herald (https://bit.ly/1xI6ZN1 ) reports Catalyst Paper Corp. wants to buy the mill as part of a $74 million deal to purchase two mills owned by NewPage Corp. The other mill is in Wisconsin.

Catalyst says the deal is contingent on the completion of a $1.4 billion merger between NewPage and rival paper maker Verso Paper Corp. That merger is expected by the end of the year. Verso owns two Maine mills - one in Jay and one in Bucksport, which is planned for closure on Dec. 1.

The Rumford mill is the town’s largest taxpayer and about 800 people work there.


Information from: Portland Press Herald, https://www.pressherald.com

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