Madison Paper Industries Sells Related Mill Assets in U.S
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UPM-Kymmene Inc. Finland, and Northern SC Paper Corp., a subsidiary of the New York Times Co., New York, N.Y., USA, this past week announced the sale of Madison Paper Industries' mill site located in Madison, Maine, to a joint venture of New Mill Capital Holdings of New York, Perry Videx of Hainesport, N.J., and Infinity Asset Solutions of Toronto, Ont., Canada.
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The sale is a continuation of the dissolution of the partnership that was announced in March 2016. The hydro power assets located at the mill site are currently being marketed separate of this week’s transaction.
Madison Paper Industries’ assets include two hydro power plants and numerous properties.
UPM Paper ENA (Europe and North America) is a global producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses.
With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. More information about UPM Paper ENA is available online.
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA (Europe and North America), and UPM Plywood. Its products are made of renewable raw materials and are recyclable. Serving customers world-wide, the group employs around 19,600 people and its annual sales are approximately EUR 10 billion.
