share: digg facebook twitter GORHAM, N.H. (AP) — A cheaper source of fuel, a dedicated sales team and workforce, and an investment in a tissue machine will help the last paper mill in New Hampshire's North Country succeed, state and mill industry representatives say. Others have had to contend with rising oil costs to run the plants and a loss in demand as email and the Internet have replaced the need for some types of paper. The Gorham mill, shut down for eight months but newly acquired by a New York private equity firm, is scheduled to reopen Wednesday with the startup of its paper towel machine and at least 70 of its approximately 240 workers called back. Tilton, whose firm specializes in buying distressed manufacturing businesses and bringing them back to life, recently met with the mill workers and state and local officials who worked on finding a buyer after the last owner, Fraser Papers, declared bankruptcy in 2009. "If I can show America a fairy tale of business owner and worker — and government and business — coming together to rebuild our country, then others will do it," Tilton told the crowd. Company CEO Richard Verney, whose family bought the business in 1948, talked about strategizing going as far back as the late 1960s and early 1970s: We tried to find relatively small niche markets where we thought we could provide a product that had value and we keep at that. Verney, whose mill employs about 150 workers and makes high-quality, uncoated printing papers and some coated papers for wallpaper and sandpaper backings, suggested that Gorham, too, would have to find markets for higher values than they presently manufacture for.
Last Northern Nh Paper Mill Can Make It, Reps Say
Business Heds Index, Seattle Post-Intelligencer: Business
Sat, 06/18/2011 - 11:40am
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