Great Northern Paper Company
Great Northern Paper Company is a Maine-based pulp and paper manufacturer that at its peak in the 1970s and 1980s operated mills in Georgia, Maine, and Wisconsin and produced 16.4 percent of the newsprint made in the United States.
The company was acquired by Georgia-Pacific Corporation in 1990. Its name was revived in 2011 when private equity firm Cate Street Capital acquired Great Northern's original Maine mills.
The company got its start when the Maine legislature authorized Charles W. Mullen to form a water power company on the West Branch Penobscot River. Mullen in turn worked with Garret Schenck, part owner of the Rumford Falls Paper Company, to build a paper mill in Millinocket, Penobscot County, Maine on the river. Schenck formed the Northern Development Company in 1897.
The Millinocket plant opened in 1900. A second mill in Madison opened in 1906. A third one opened in East Millinocket in 1907, which also had its own dam and hyrdoelectric facility. Financiers of the corporation included Oliver Payne and William Collins Whitney.
In the 1910s it built the Ripogenus Dam and powerplant on the West Branch Penobscot River.
In 1930 the company sold 6,000 acres (24 km2) around Maine's highest point Mount Katahdin for $25,000 to former Maine Governor Percival Proctor Baxter. In turn Baxter donated the land to the state, for what became the present day Baxter State Park.
20th century mergers and acquisitions
In 1971 the company completed construction of the 97 mile Golden Road in Maine, that paralleled the West Branch Penobscot River from Quebec to its mill at Millinocket. It ended the practice of floating logs down the river via log driving, and instead shipping them by truck.
In 1999 Inexcon, a Canadian company, acquired the Maine holdings.
The Inexcon holdings in Maine went into bankruptcy in 2002. They were acquired by Brascan Corporation in April 2003 and operated under the name of Kathadin Paper Company LLC. That company then developed financial problems, laying off workers in 2008.
In 2011 the Kathadin Paper Company LLC holdings in Maine were acquired by Cate Street Capital of Portsmouth, New Hampshire. They revived the Great Northern Paper name. The mill at East Millinocket has launched again although with diminished output.
In 2013 Cate Street Capital announced plans to tear down virtually all the mill buildings at the Millinocket plant, and replace them with structures to operate a Torrefaction wood operation, under the name of its subsidiary Thermogen Industries.
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