Gorham Paper and Tissue Reopens Former Fraser Mill in New Hampshire
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Patriarch Partners, New York, N.Y., USA, last Friday held the grand opening of Gorham Paper and Tissue in Gorham, N.H. Patriarch acquired the mill from Fraser Paper after it was shutdown last October, leaving more than 200 people without jobs.
U.S. Senator Jeanne Shaheen and New Hampshire Governon John Lynch attended the grand opening, which was part painting party and part barbecue, along with Patriarch Partners founder and CEO Lynne Tilton. Patriarch plans to re-start production at the 110-year-old mill later this month, with the towel machine being the first machine up and running. Once the towel machine is running, the remaining two specialty paper machines are expected to be operating within 90 days, according to a report by the Conway Daily Sun, North Conway, N.H.
Over the next 15 months, Tilton has said she intends to acquire and install a new tissue machine at a cost of about $35 million, the newspaper reported, adding that she has indicated if the demand is there, she is willing to consider a second tissue machine.
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