- The paper mill in Millinocket, Maine, which closed in 2008.
- Associated Press
The closure of Great Northern Paper Co.’s paper mill in Maine and subsequent bankruptcy of the company has become a campaign issue in the state’s race for governor, with a lagging gubernatorial hopeful trying to bring into the race the state money provided to the paper producer’s owner Cate Street Capital.
“Before the state of Maine goes the way of the Great Northern Paper Company, we need new management,” independent candidate Eliot Cutler said at a news conference last week.
The original Great Northern Paper Co., once a giant of New England’s pulp and paper industry, traces its roots to the beginning of the 20th century, when it began manufacturing newsprint. The company boomed in the mid-1900s but has changed hands several times recently, landing Cate Street Capital as its owner in 2011.
Cate Street purchased mills in Millinocket and East Millinocket, both shuttered at the time, for $1 and reopened the East Millinocket mill. Earlier this year, that mill was also closed and the company was placed in Chapter 7 bankruptcy last month.