EAST MILLINOCKET, Maine - The former site of the Great Northern Paper mill in East Millinocket is now in the hands of a company that specializes in the demolition of obsolete industrial properties.
North American Recovery Management of Boca Raton, Florida, bought the shuttered mill and associated real estate on March 3 for an undisclosed amount of money, according to the Penobscot Country Registry of Deeds.
The Florida company invests in industrial properties that require environmental remediation and demolition.
The seller was Los Angeles-based Hackman Capital Partners, which had bought the mill's assets at a bankruptcy auction in 2014 with plans of finding a buyer to restart the mill. More than 200 people lost their jobs when the mill closed in 2013. The mill had been producing 100,000 tons of paper a year.