Great Northern Paper Celebrates Successful First Year, Commits to Long-Term Growth

Cyr added the company plans to make additional investments in 2013, such as upgrading equipment in the grinder room. He praised employees for embracing a, “spirit of entrepreneurship” and for being willing to try new, more efficient ways of making paper. Cyr said GNP will continue to set and meet specific performance goals for production and sales. While GNP’s paper has always been known for its high quality, the company’s paper-making recipes will be continually tested and improved over GNP’s second year.

When Cate Street Capital, through its subsidiary Great Northern Paper Company, LLC, purchased the two shuttered paper in September, 2011, it worked diligently in collaboration with Maine Governor Paul LePage, the Maine Attorney General’s office, the Maine Department of Environmental Protection, the Towns of East Millinocket and Millinocket, the labor unions, and wood suppliers, to put together all the necessary pieces to restart the mill.

In April, GNP received a chain-of-custody Forest Stewardship Council (FSC) certification TT-COC-004087. FSC certification recognizes that wood products used in GNP’s papermaking process are harvested using certified responsible forestry management practices. The chain-of-custody certification addresses GNP’s ability to track certified products throughout its inventory and distribution processes.

Cate Street Capital, with locations in New Hampshire, Maine, and Colorado focuses on finding and supporting green technologies and environmentally sustainable projects for a better world.