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





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.

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Recent Private Companies Transactions

November 19, 2015
October 9, 2015
Lincoln Paper and Tissue, LLC, Machinery Equipment and Other Assets
September 28, 2015

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