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Author Topic: Expera buying old town maine mill.  (Read 1116 times)

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Offline Woodhauler

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Expera buying old town maine mill.
« on: November 11, 2014, 05:12:33 pm »
Anyone deal with these mills?
2013 westernstar tri-axle with 2015 rotobec elite 80 loader!Sold 2000 westernstar tractor with stairs air ride trailer and a 1985 huskybrute 175 T/L loader!

Offline chester_tree _farmah

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Re: Expera buying old town maine mill.
« Reply #1 on: November 11, 2014, 07:59:17 pm »
Wow. Nice. What is the scoop on what they will be looking for? Can't imagine it can hurt to have another buyer around these parts.
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Online snowstorm

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Re: Expera buying old town maine mill.
« Reply #2 on: November 11, 2014, 08:32:45 pm »
from what i found they are the real deal. 4 mills in Wisconsin with there name on it. dosent say anything about making paper in old town just the pulp so they ship that to wisconsin?

Offline Gary_C

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Re: Expera buying old town maine mill.
« Reply #3 on: November 11, 2014, 08:44:57 pm »
Yes, I deal with Expera at their Mosinee, WI plant they acquired just over a year ago from Wausau Paper. It's been a bit of a rough ride in the past year plus since their buyout of the Mosinee plant with down and then up on their quotas for deliveries.

Expera is in reality KPS Capital Partners LP, a Wall Street asset management fund. They do have the capital available to invest in the business, make it profitable, and then sell it down the road at a profit.

So it appears to be a good thing to have the market back (in the case of Wausau it was never lost) and hopefully down the road it will continue. The only question is who will be the owners some 4-5 years down the road.

EXPERA SPECIALTY SOLUTIONS, LLC ANNOUNCES AGREEMENT TO ACQUIRE OLD TOWN FUEL & FIBER
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Online snowstorm

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Re: Expera buying old town maine mill.
« Reply #4 on: November 11, 2014, 08:50:20 pm »
i saw that about them being an investment co. kinda make me wounder about them. the former owner lynn tilton is a billionaire and she gave up. goggle her name its interesting

Offline chester_tree _farmah

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Re: Expera buying old town maine mill.
« Reply #5 on: November 11, 2014, 08:56:50 pm »
I'll take the 5 years. What do they pulp? S&F Poplar HW?
254xp
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Offline chester_tree _farmah

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Re: Expera buying old town maine mill.
« Reply #6 on: November 11, 2014, 09:10:57 pm »
The last state survey said the timber volumes are well out pacing the harvesting in Maine so I would think it could make some sense to do business here. They must make money or why else do it unless the state is subsidizing it?
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Offline Gary_C

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Re: Expera buying old town maine mill.
« Reply #7 on: November 12, 2014, 03:25:58 am »
The Mosinee mill I sell to has been an old softwood mill and they take Pine and Spruce and pay a little less for Balsam. In the last five or so years they have been buying hardwood pulp in limited quantities but that mix does not include aspen, oak, or basswood.
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Offline jocco

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Re: Expera buying old town maine mill.
« Reply #8 on: November 12, 2014, 08:44:11 am »
i saw that about them being an investment co. kinda make me wounder about them. the former owner lynn tilton is a billionaire and she gave up. goggle her name its interesting


Being a billionaire, that's quite a problem to have smiley_devilish I would probably give up too ;D
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