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September 03, 2015 6:39 PM ET

Paper and Forest Products

Company Overview of Great Northern Paper Co. LLC

Company Overview

Great Northern Paper Co. LLC manufactures ground wood paper for directory, catalog, book, insert, and newsprint applications. The company was founded in 2011 and is based in Millinocket, Maine. Great Northern Paper Co. LLC is a former subsidiary of Katahdin Paper Company LLC. On September 22, 2014, Great Northern Paper Co. LLC filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware. The US Bankruptcy Court ordered the transfer of bankruptcy case to District of Maine on October 3, 2014.

50 Main Street

Millinocket, ME 04430

United States

Founded in 2011

Phone:

207-723-6537

Fax:

207-723-2492

Key Executives for Great Northern Paper Co. LLC

President
Compensation as of Fiscal Year 2015.

Great Northern Paper Co. LLC Key Developments

Great Northern Paper Co. Issues Layoff Warnings to E. Millinocket Workers

Great Northern Paper Co. announced issued federally-mandated layoff notices to workers at its idled local mill, informing them they will now qualify for government- sponsored retraining. The federal Workers Adjustment and Retraining Notification Act requires most employers with 100 or more employees to provide notification to workers 60 calendar days in advance of plant closings and mass layoffs expected to last six months or more. All of the workers will receive 60 days pay under the WARN Act. The date severance and vacation pay are finished will determine when unemployment checks will be issued. Unemployment pay lasts for 26 weeks. GNP remain committed to working towards a restart of the East Millinocket facility, and will continue to explore all possible options to facilitate a successful restart. GNP has retained a reduced staff in order to properly maintain and preserve the facility and all of its assets so that a restart of operations can be readily achieved.

Great Northern Paper Co. LLC. Announces Layoff of 212 Workers

Great Northern Paper Co. LLC laid off 212 of its 256 workers at its already idled Main Street facility as it struggles to overcome high energy and production costs. Forty-four employees will continue to work on cost reduction initiatives and keep needed systems running smoothly to allow for a production restart.

Great Northern Paper Co. LLC to Halt East Millinocket Mill's Production for Up to 16 Weeks

Great Northern Paper Co. LLC. announced that high production costs and plummeting market prices have forced the company to halt production at its Main Street mill for as many as 16 weeks as the company creates a new business plan. The temporary shutdown commenced when the afternoon shift finished on January 23, 2014. The company's 256 workers will stay on for at least two months working toward improving operating efficiencies, including improving the mill's water and energy use.

Similar Private Companies By Industry

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Samoa Pacific Cellulose, LLC United States
Schultz, Snyder & Steele Lumber Company United States
U.S. Paper Converters, Inc. United States
Scotch & Gulf Lumber LLC United States
WoodTech, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 17, 2015
Great Northern Paper Co. LLC, Waste Water Treatment Assets
Merger/Acquisition
December 2, 2014
Great Northern Paper Co. LLC, Mill In East Millinocket
Merger/Acquisition
November 13, 2014
Great Northern Paper Co. LLC, Mill In East Millinocket
 

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