Maine

Hundreds of mill workers from across the state will find themselves without jobs at the beginning of the holiday season after Verso Paper's sudden announcement Wednesday that it will close its paper mill in Bucksport effective Dec. 1.

More than 500 employees will be out of work in the third mill closure in Maine this year, dealing a severe blow to the town of 5,000 people, which derives 47 percent of its tax revenues from the Verso mill.

"The Bucksport mill unfortunately has not been profitable for a number of years," said Dave Paterson, Verso's president and CEO.

Blue Wolf Capital Partners and Atlas Holdings have reached an agreement to acquire a controlling interest in Twin Rivers Paper from Brookfield Asset Management. Terms of the agreement were not disclosed.

Graphic Dimensions, a trade manufacturer of business documents, recently was approved by the State of Maine DEA agency to provide state mandated tamper-resistant prescription forms/pads.

KBA North America, a global press manufacturer based in Dallas, Texas, has named George Drew as its new project manager for North America.

GPA announced the addition of three new members to their sales force: Pete Georgiopoulos, Eliot Rush and Tim Wild, who will be serving as territory sales managers.

Headquartered in Memphis, Tenn., Verso Paper Corp. received the Sustainable Forestry Initiative (SFI) President’s Award for its partnership efforts to promote sustainable forest management principles and initiatives in Maine.