PaperAge Magazine

Former Madison Paper Mill Equipment to Hit the Auction Block

Madison Paper in Maine The mill's Valmet paper machine itself is being sold via private negotiation, but the balance of the plant production and support equipment will be sold at the auction.

May 25, 2017 - New Mill Capital Holdings (www.newmillcapital.com) in partnership with Perry Videx and Infinity Asset Solutions will hold a three-day online sale for over 3,000 pieces of paper mill equipment in Madison, Maine. The 550,000 square foot facility closed last May and was acquired by partnership. The real estate is currently available as well.

“While the Valmet paper machine itself is being sold via private negotiation, the balance of the plant production and support equipment will be sold at the auction.” said Eric Weiler, Principal of New Mill Capital Holdings. “There is a large volume of machinery available, ranging from specific paper production assets to general plant support equipment.”

The 3,000 item sale features equipment such as debarking, log grinders, slashers, screens, vac pumps, stainless pumps, cleaners, valves, refiners, hammer mills, pulpers, roll grinders and compressors as well as a large quantity maintenance equipment, plant support, spare parts and motor inventory. The Valmet 7.2M paper machine, which was upgraded in 2012, is also for sale via private negotiation.

The auction will be conducted exclusively online through www.bidspotter.com and begins closing June 13th, 14th and 15th at 10am EDT. The plant is located at 1 Main Street, Madison, Maine. Prospective buyers are invited to schedule an inspection of the equipment at any time by appointment or attend open inspections on June 8th, 9th or 12th from 9:00 AM - 4:00 PM.

New Mill Capital offers comprehensive asset conversion solutions for the industrial marketplace. Services include turnkey acquisitions of closed industrial plants, value-added equipment auction & liquidation programs in addition to advisory and brokerage services.

SOURCE: New Mill Capital Holdings