Northern New York Newspapers
Watertown Daily Times
The Journal
Daily Courier-Observer
NNY Business
NNY Living
Malone Telegram
Sat., Jul. 12
Serving the communities of Jefferson, St. Lawrence and Lewis counties, New York
In print daily. Online always.
Related Stories

Newton Falls paper mill sold intact

print this article
e-mail this article

Newton Falls Fine Paper was sold intact at the conclusion of a day-long auction in Syracuse Thursday to an undisclosed buyer.

“The buyer intends to restore the mill and utilize the infrastructure,” said Mark Fleckenstein, a representative of Continental Plants Group, which conducted the auction. “The mill’s going to go back to work.”

Mr. Fleckenstein said the bid for $2.1 million was 10 percent in excess of individual bids made throughout the day for the mill’s equipment. The individual bids were voided at the end of the auction Thursday evening.

“We’ve had some complaints,” Mr. Fleckenstein said.

Robert G. Patzelt, vice president of corporate development for Scotia Investments, Halifax, Nova Scotia, the parent company of the Newton Falls plant, said he did not have time to answer questions about the sale.

Connect with Us
WDT News FeedsWDT on FacebookWDT on TwitterWDT on InstagramWDT for iOS: iPad, iPhone, and iPod touchWDT for Android
Showcase of Homes
Showcase of Homes