The Madison mill site in the northern US state of Maine, and a partnership between UPM Kymmene and the New York Times, has been sold to a new partnership.
UPM-Kymmene and NYT subsidiary Northern SC Paper Corp have sold the Madison Paper Industries mill site to a joint venture of New Mill Capital Holdings of NY, Perry Videx of Hainesport, NJ and Infinity Asset Solutions of Toronto.
The sale is a continuation of the dissolution of the partnership that was announced in March 2016. The hydro power assets located at the mill site are currently being marketed separately from the transaction. Assets include two hydro power plants and numerous properties.