A deal to restart the Newton Falls Fine Paper mill is dead and the plant is on the market.
Theyre going to try to find a buyer or liquidate it, said Fine Supervisor Mark C. Hall, a member of the St. Lawrence County Industrial Development Agency. There are people out there who still think theyre going to find a buyer. Ive got my fingers crossed that they find a buyer and the mill will operate again. Time will tell.
Mill President Scott C. Travers declined comment.
Late last year, Mr. Travers had been confident a restart plan was well underway with a partner lined up, new product lines identified and a revamped plant. The mill shut down in mid-December 2010because of poor sales brought on by a recession and market changes.
The mill had more than 100 employees when it closed. About five employees remain.