207-688-8195 Professional Logging Contractors of Maine
By The Associated Press

MADISON, Maine — A paper mill in the central Maine town of Madison will soon have a new owner.

Madison Paper Industries has been owned by a family owned Finish company, Myllykoski Corp., for the past 32 years. Finnish papermaking giant UPM-Kymmene said this week it is acquiring Myllykoski and German-based Rhein Paper in a deal valued at $1.2 billion.

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