Liquidation firm purchases Luke paper mill

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LUKE — A date for auctioning the former Luke paper mill's assets has been set by Capital Recovery Group, the property's owner. CRG recently purchased the property in an effort to generate income by liquidating the equipment and parts remaining on site.

Last owned by the Verso Corp., the mill was closed in June 2019, impacting 675 workers. Verso officials cited a lack of demand for gloss paper, rising input costs and an increase in imported product as the reason for the closure.

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Source: Cumberland Times-News

 

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