Town Leaders to Meet Thursday with Potential Mill Buyer 

Catherine Pegram

Town leaders in East Millinocket and Millinocket will meet tomorrow with the company that wants to buy the two Katahdin Paper mills. Meriturn Partners, which is based in California, is trying to work out a deal to purchase the mills by next month. It’ll be the first get-together with Meriturn since a town meeting in East Millinocket Monday night. Folks there told the select board they’d like to continue negotiating a sale with Meriturn, but they want a better deal. Meriturn’s looking for $48 million in tax breaks from both communities. The head of the select board in East Millinocket says that would mean significant cuts to the town budget. Mark Scally also tells TV5 that Meriturn officials have said they want to share new information tomorrow with community leaders, though Scally doesn’t know what that is.The East Millinocket facility employs about 450 people. The Millinocket mill is closed. The company that currently owns them says if a sale doesn’t go through, it’s planning to close the East Millinocket plant on April 22nd.