Thursday, January 31, 2013

Buyer of Sartell Won't Reopen Mill

http://www.sctimes.com/article/20130130/NEWS01/301300036/Verso-won-t-reopen-paper-mill-
AIM Development (USA) LLC, the company that has agreed to buy the former Verso Paper Corp. mill in Sartell, released little new information on its purchase Wednesday.
The city of Sartell has asked Verso for contact information to reach out to AIM Development. That request was declined, City Administrator Patti Gartland said.
On Wednesday, Minnesota Public Radio (MPR) reported AIM Development “appears to be part of” American Iron & Metal Company Inc. Messages left by the Times with that Montreal-based firm were not returned.
Late in the evening, MPR identified American Iron & Metal Co. President and CEO Hebert Black, who said he plans to reuse the Verso paper mill’s buildings in an as-yet-undetermined development. Black said there is no market to operate a paper mill and that he hopes to get a better idea of site development during a planned February visit.
“We’re not going to run the paper mill. It’s gone,” Black told MPR.