June 21, 2018 6:15 AM 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 East Millinocket, Maine. 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

East Millinocket, ME 04430

United States

Founded in 2011

Phone:

207-746-9912

Fax:

207-723-2492

Key Executives for Great Northern Paper Co. LLC

President
Compensation as of Fiscal Year 2017.

Great Northern Paper Co. LLC Key Developments

Motion for Asset Sale Approved for Great Northern Paper Co. LLC

The US Bankruptcy Court gave an order approving the sale of certain assets of GNP Maine Holdings, LLC on September 6, 2017. The debtor has been authorized to sell its certain assets to KATAHDIN KI 50 LLC for a purchase price of $0.11 million in cash. The debtor’s asset includes real estate located at 50 Main Street in East Millinocket, Maine. The buyer deposited $0.01 million as a part of the agreement.

Motion to Modify Sale Order for Asset Sale Approved for Great Northern Paper Co. LLC

The US Bankruptcy Court ordered modifying the sale order related to sale of certain assets of Great Northern Paper Co. LLC on April 24, 2017. As per the order, purchase price has been modified and reduced from $0.35 million to $0.1 million.

Motion for Modify Sale Order Filed for Great Northern Paper Co. LLC by Trustee

Chapter 7 Trustee filed motion to modify the sale order related to sale of certain assets in the US Bankruptcy Court on March 29, 2017. As per the motion, the Trustee request to modify the order on the limited and sole basis to reduce the Real Estate Purchase Price from $0.35 million to $0.1 million.

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Recent Private Companies Transactions

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