Expera Specialty Solutions acquired the former Old Town Fuel and Fiber pulp mill in 2014
September 29, 2015
A Wisconsin-based company announced that it will close the local pulp mill it purchased in 2014 by the end of the year, continuing the downward spiral of Maine’s paper industry. Officials with Expera Specialty Solutions blamed the closure on the declining value of the Canadian dollar, excess pulp supply in the marketplace and relatively expensive wood costs in Maine, according to an email from Expera spokeswoman Addie Teeters.
The closure affects 195 workers at the Expera Old Town LLC facility, which has provided pulp for the parent company’s four mills in Wisconsin. Expera hopes to sell the local mill, according to Teeters.
Expera Specialty Solutions of Kaukauna, Wisconsin, acquired the assets of the former Old Town Fuel and Fiber pulp mill for USD 10.5 million on Dec. 5, 2014, during bankruptcy proceedings in U.S. District Court in Bangor.