AUGUSTA — Gov. Paul LePage says the owner of two shuttered paper mills in northern Maine has agreed to put off dismantling and liquidating the mills until at least the end of July.
LePage said today that Brookfield Asset Management has agreed to his request to delay dismantling the Katahdin Paper Co. mills in Millinocket and East Millinocket. He says the extension gives the state more time to find a buyer for the mills.
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Brookfield said this month it would dismantle the mills after a California investment company stepped away from a deal to buy them.
The Millinocket mill has been idle since 2008, while the East Millinocket mill was shuttered in early April, putting 450 people out of work.
LePage says he’ll meet with officials of the two towns on Tuesday.
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