Madison Paper sells related mill assets
January 10, 2017 By P&PC Staff
Jan. 10, 2017 – UPM-Kymmene Inc. and Northern SC Paper Corp., a subsidiary of the New York Times Company, have announced the sale of Madison Paper Industries’ mill site located in Madison, Maine, to a joint venture of New Mill Capital Holdings of N.Y., Perry Videx of Hainesport, N.J., and Infinity Asset Solutions of Toronto, Ont.
According to a press release from the parties, the sale is a continuation of the dissolution of the partnership that was announced last March. The hydro power assets located at the mill site are currently being marketed separate of the transaction, they added.
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