Belfast company plans to buy former Madison paper mill for insulation production, employing 110

Josh Henry, of the Go Lab company, stands Wednesday in front of the shuttered former UPM paper mill in Madison. Henry said his company is purchasing the mill, where it will produce wood fiber insulation, and will close the deal this summer. Morning Sentinel photo by David Leaming

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MADISON — A research and development company based in Belfast is in the process of buying the former Madison Paper Industries mill with plans to redevelop the site into a manufacturing hub for wood fiber insulation, a venture that could bring more than 100 jobs.

The pending sale comes just over three years after Madison Paper announced in March 2016 it would close, putting 214 people out of work in May that year and adding to a string of paper mill closures around the state.

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Source: Central Maine

 

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