Joint Venture group acquires assets of Pixelle’s paper mill in Jay, Maine

By New Mill Capital Holdings
January 11, 2024
Category: Business & Politics
Region: United States, US East

JAY, Maine –JGT2 Redevelopment, a Joint Venture of New Mill Capital Holdings et al, has acquired the assets of Pixelle Specialty Solutions in Jay, Maine. The acquisition includes the real estate of the main paper mill site as well as all mill equipment and the adjacent cogeneration power plant. …“We are thrilled to have acquired the Jay mill and plan on making a significant investment to bring economic life back to the property,” said Tony McDonald, President of Camjay. “The site’s heavy infrastructure can be repurposed for a variety of industrial uses, and we have already started the process of identifying potential new users for the property.” The new owners plan to sell certain mill assets that are no longer usable on the property. An auction is scheduled for May 7-10, 2024. Once that process is complete, the property will be available for tenants.

Read More