Shuttered Maine paper mill owner sues hopeful buyer, says it has other suitors

Posted on Posted in Business

The owner of the shuttered Great Northern Paper mill in East Millinocket claims a lawsuit from one prospective buyer has prevented it from considering others willing to pay millions.

The companies signed a letter of intent in June 2016 to put the deal in motion, but negotiations stalled and EMEP sued in January to try and force the $1.75 million sale.

Source: BDN Maine