East Mill sold but doesn't sound good.

[chester_tree _farmah]

Latest on East Millinocket Mill.

http://bangordailynews.com/2014/12/02/news/penobscot/california-firm-submits-winning-bid-for-e-millinocket-mill-at-5-4-million/

[snowstorm]

i saw that in the paper. they dont know what they are going to do with it

[Rick Alger]

The mill in Berlin went down that path. As far as I know most of the machinery was scrapped. The stack was saved and is now part of a new biomass generating plant. They buy chips and some round wood by contract, but the price is low. The plant has a few good jobs, but nowhere near as many as the mill.

[WDH]

$5.4 million is probably less than scrap value. 

[snowstorm]

$5.4 million is probably less than scrap value.

well maybe. except the last couple owners were just as big a crooks as this company was. the real great northern paper was quite a place. many years ago . they owned 2 million ac. hydro dams to power the mills. way back 2 farms. the piston farm and the grant farm. to raise hay for the horses and crops to feed the woods crews. the last owner was pretty much a shell game set up by an investment group. nobody knows who owned what. they sold alot of things prior to this. some think they had this planed from the start.