Governor LePage and DECD Commissioner Gervais Officially Welcome New Owners of Twin Rivers in Madawaska
June 10, 2013
For Immediate Release: Monday, June 10
Contact: Adrienne Bennett, Press Secretary (207) 287-2531
MADAWASKA – With the acquisition of Twin Rivers Paper by Blue Wolf Capital Partners and Atlas Holdings, LLC., officially complete on Monday, both Governor Paul R. LePage and Department of Economic and Community Development Commissioner George Gervais pledged their full business support to the new owners.
“We applaud Blue Wolf/Atlas’ decision to invest in Maine and to maintain good jobs for Maine residents while taking on the challenges Twin Rivers faces in an increasingly competitive market,” said Governor LePage. “Your decision to locate here is a sign of encouragement for my administration and our goal to instill an “open for business” attitude throughout the State of Maine.”
With facilities in Madawaska and in Edmundston and Plaster Rock, New Brunswick, Twin Rivers has been economically critical to the region for more than 80 years. Approximately 620 employees work at the Madawaska facility, with another 550 workers in New Brunswick.
“Twin Rivers has been an important part of northern Maine’s economy for many years, and with your decision to invest in the modernization of this facility and enhance its capabilities, I am confident that its importance will only grow in the future,” said Commissioner Gervais. “The strengthening of this mill will enhance Maine’s economy and maintain many much needed jobs for residents of Maine and New Brunswick, whose joint interest in this venture has led to a successful outcome for all parties.”
Twin Rivers produces specialty papers and lumber products that are well regarded throughout the industry. “Our plan is to build on these strengths as we seek to position the operations for long-term success and as a key contributor in the revitalization of the forest products sector in Maine and New Brunswick,” said Blue Wolf Managing Partner Adam Blumenthal.