Madison Paper Mill Parts up for Auction this Month
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Thousands of pieces of equipment and the real estate from Madison Paper’s closed paper mill in Madison, Maine, USA, are going up for auction this month (June 2017). A three-day online auction will begin on June 13.
The Madison Paper Industries mill shut down a year ago and sold to a buyer in December 2016 who now intends to create another industrial use on the property.
New Mill Capital is offering the items for auction in partnership with Perry Videx and Infinity Asset Solutions. The 3,000 items include log grinders, debarking machines, vacuum pumps, stainless pumps, valves, compressors, and other equipment.
The paper machine, which was upgraded in 2012, is also for sale but it isn’t part of the auction. It’s being sold through private negotiation.
The auction will be conducted exclusively online through www.bidspotter.com and begins at 10 a.m. EDT. The plant is located at 1 Main St., Madison, ME. 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 a.m. – 4:00 p.m.
