LINCOLN, Maine (AP) - The buyer of the bankrupt Lincoln Paper and Tissue's Maine mill says it would entertain selling the property to someone who wants to restart the mill.
Boston-based Gordon Brothers Group announced Wednesday that it has completed the purchase of the property. It bid $5.9 million for the mill at a bankruptcy auction last month.
The company specializes in liquidating industrial assets. But it said in a statement that its purchase represents an opportunity "for a strategic operator to restart the mill." The company said it would keep the idle mill warm to facilitate a restart if a buyer comes forward.
If that doesn't happen, then the assets will be sold. Some are skeptical of the statement, noting that no buyer came forward during the bankruptcy process.
