- 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.

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


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