July 30, 2016 8:27 PM ET

Paper and Forest Products

Company Overview of Lincoln Paper and Tissue, LLC

Company Overview

On December 9, 2015, Lincoln Paper and Tissue, LLC went out of business. Lincoln Paper and Tissue, LLC manufactures commodity and specialty tissue products to customers in the United States and internationally. It provides premium white, mid-tone, deep-colored, and specialty tissues. The company also offers napkins, towels, table covers, and other specialty tissue products for party goods producers, airlines, and food service companies. Its specialty tissue products are used as medical draping, disposable gowns, and beautician’s neck strips, as well as for industrial applications, including electrical tissues. Lincoln Paper and Tissue, LLC was formerly known as Eastern Pulp & Paper Corporati...

50 Katahdin Avenue

Lincoln, ME 04457

United States

Founded in 1882

Phone:

207-794-0600

Fax:

207-794-3964

Key Executives for Lincoln Paper and Tissue, LLC

Lincoln Paper and Tissue, LLC does not have any Key Executives recorded.

Lincoln Paper and Tissue, LLC Key Developments

Old Town, Lincoln Mills To Go Up For Auction

Lincoln Paper and Tissue, LLC and Expera Old Town Mill are going up for auction this month. Both mills are now owned by partners led by Gordon Brothers Group, LLC. Rabin Worldwide says it plans to put both facilities up for sale during a four-day auction starting in two weeks in Bangor. Rich Reese, auctioneer and President of Rabin Worldwide, says about 4,000 lots are tagged and cataloged for the auction.

Motion for Asset Sale Approved for Lincoln Paper and Tissue, LLC

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Lincoln Paper and Tissue, LLC on November 23, 2015. The debtor has been authorized to sell its assets to Gordon Brothers Commercial & Industrial, LLC, Capital Recovery Group, LLC, PPL Group, LLC and Rabin Worldwide, Inc., for a purchase price of $5.95 million in cash, as per the agreement dated November 20, 2015. The debtor’s assets include tissue and paper processing machinery, rolling stock, fork lifts, manlifts, cranes and scrap and recoverable metals. Buyer has paid deposit of $0.17 million upon execution of the agreement. Buyer will have option to purchase owned premises at a price of $0.15 million. Kevin J. Simard of Choate, Hall & Stewart LLP acted as legal counsel for the buyer.

Amended Motion for Asset Sale Filed by Lincoln Paper and Tissue, LLC

Lincoln Paper and Tissue, LLC filed an amended motion in the US Bankruptcy Court seeking approval for the sale of substantially all its assets on October 22, 2015. As per the motion filed, debtor seeks to sell substantially all its assets to LP Acquisitions, LLC for $5.30 million, as per the amended asset purchase agreement dated October 9, 2015. The buyer will have a option to purchase the premises for $0.15 million, within a period of 1-year from the closing date. The buyer will be entitled to break-up free of $0.15 million. Adam Reich of Reich Brothers acted as legal counsel for the buyer.

Similar Private Companies By Industry

Company Name Region
A&B Lumber Company, L.L.C. United States
A-1 Roof Trusses, Ltd. United States
A. B. Massa Paper Corp. United States
A.L.R.T. Corporation United States
A.M.I Forest Industries, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 19, 2015
--
Merger/Acquisition
October 9, 2015
Lincoln Paper and Tissue, LLC, Machinery Equipment and Other Assets
Bankruptcy
September 28, 2015
--
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Lincoln Paper and Tissue, LLC, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.