Northern New York Newspapers
Watertown
Ogdensburg
Massena-Potsdam
Lowville
Carthage
Malone
NNY Business
NNY Living
NNY Ads
Thu., Oct. 30
ADVERTISE SUBSCRIBE
Serving the communities of Jefferson, St. Lawrence and Lewis counties, New York
In print daily. Online always.
Related Stories

Intact sale of Newton Falls paper mill fails

PREV
NEXT
ARTICLE OPTIONS
A A
print this article
e-mail this article

The sale of the Newton Falls paper mill as an intact operation has failed and the assets will be liquidated.

In an emailed press release, Scotia Investments Vice President Robert Patzelt wrote that the single bid received at the end of an auction Thursday for the mill’s equipment was terminated during finalization of the details.

“The owners are disappointed with this development as they put tremendous time and effort into selling the entire mill which was seen to be in the best interest of all the stakeholders and especially the mill and the community,” Mr. Patzelt wrote. “Ideally, we wanted the mill to be sold as a going concern, or, in its current state of being ready to be reopened by another party.”

Scotia will proceed with the disposition of the mill’s assets in an orderly manner, he wrote.

Commenting rules:
  1. Stick to the topic of the article/letter/editorial.
  2. When responding to issues raised by other commenters, do not engage in personal attacks or name-calling.
  3. Comments that include profanity/obscenities or are libelous in nature will be removed without warning.
Violators' commenting privileges may be revoked indefinitely. By commenting you agree to our full Terms of Use.
Giveaway
Syracuse Football Tickets Giveaway
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