ND Paper to buy and reopen Old Town Mill, restoring 100 jobs

Cheryl RauMainebiz, News

BY JAMES MCCARTHY Two days after announcing a two-year $111 million investment at its Rumford paper mill, ND Paper LLC said Wednesday it has reached an agreement to purchase the Old Town pulp and paper mill, which has been idled since previous owners ended operations there in 2015. ND Paper, a wholly owned Illinois-based subsidiary of Nine Dragons Paper (Holdings) … Read More

Bon Appetit salutes Portland as top food city in the U.S.

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF Bon Appetit magazine, which recently praised Portland’s Rose Foods and Drifters Wife, now names it “City of the Year.” The September issue, which will hit the newsstands Aug. 14, says Portland is by far its smallest honoree, following a three-year stretch where Bon Appetit honored Chicago, San Francisco and Washington, D.C. “Full disclosure: I’ve got a thing … Read More

Wayfair to add 150 jobs at Brunswick Landing

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF Wayfair plans to add 150 more jobs to its Brunswick Landing site. The Times Record reported that plan will bring the online furnishing and home decor company’s workforce to 550, meeting its goal of having more than 500 employees in Brunswick. The hiring timeline is still to be determined. Liz Graham, Wayfair’s vice president of sales and … Read More

SmartLam becomes second CLT company to locate in Maine

Cheryl RauMainebiz, News

BY JAMES MCCARTHY SmartLam, a Montana-based company that is the first manufacturer of Cross-Laminated Timber in the United States, announced Thursday it plans to expand its operations to the East Coast by opening a new manufacturing facility in Maine. Located in Columbia Falls, Mont., SmartLam is among the six companies the Maine Technology Institute announced Thursday would receive collectively $10.5 … Read More

Anchor tenant signs on at Millinocket’s shuttered paper mill

Cheryl RauMainebiz, News

BY MAUREEN MILLIKEN The site that once housed Millinocket’s Great Northern Paper mill has its first tenant — an anchor that is expected to bring 100 direct jobs to the Katahdin region in the next five years. LignaCLT Maine LLC will build a 300,000-square-foot manufacturing plant on 35 acres of the 1,400-acre site now owned by Our Katahdin LLC, becoming … Read More

Norwegian aquaculture company plans to invest up to $500M in Belfast

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF Nordic Aquafarms, headquartered in Norway and one of the largest international developers of land-based aquaculture, announced today it plans to build one of the world’s largest land-based salmon farms in Belfast, with its total capital investment expected to be between $450 million and $500 million. The Norway-based company announced its plans today at a news conference in … Read More

Australian company buys Saddleback, plans investments at mountain resort

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF An Australian company has agreed to buy Saddleback Mountain Resort from the Berry family, giving the ski resort new life after being closed two seasons. Majella Group, which has diversified holdings and an office in Portland, signed an asset purchase agreement to secure ownership of Saddleback Mountain Resort in Rangeley. The purchase includes all holdings of Saddleback … Read More

Calif.-based LED manufacturer relocates to southern Maine

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF Cirrus LED Systems, a worldwide leader in LED technology and a member of the Inc. Magazine list of fastest-growing private companies in the nation, has relocated its headquarters and manufacturing operations from San Francisco to Saco. Prior to the move last month, the company had maintained a small East Coast sales office on Middle Street in downtown … Read More

Finnish aircraft firm picks Brunswick Landing for U.S. headquarters

Cheryl RauMainebiz, News

BY JAMES MCCARTHY Brunswick Landing has been selected as the headquarters for a joint venture between the Finnish aircraft company Atol Avion and a U.S.-based investor group that plans to build and distribute an amphibious light sport aircraft in the North American market. “They’ll be starting off in TechPlace,” Steve Levesque, executive director of Midcoast Regional Redevelopment Authority, told Mainebiz … Read More

Fourth happiest state? It’s Maine

Cheryl RauMainebiz, News

A national report analyzing five metrics for each of the 50 states puts Maine as the fourth-highest state overall for well-being. That ranking, announced today as part of the Gallup-Healthways State of American Well-Being series, is up nearly 20 spots from last year. The report looks at how states compare across the five elements of well-being: Purpose, defined as “liking … Read More