Dec 08, 2014. /Lesprom Network/. Expera Specialty Solutions, LLC acquires certain assets related to the Old Town Fuel & Fiber pulp mill. Expera acquired the assets free and clear of substantially all liens, claims, encumbrances and interests through an auction conducted as part of a sale process under Section 363 of the United States Bankruptcy Code. The U.S. Bankruptcy Court for the District of Maine formally approved the transaction, as the company said in the press release received by Lesprom Network.

Old Town is a high-quality pulp mill with the capacity to produce annually 200,000 tons of Northern Bleached Kraft pulp. The mill closed indefinitely this past August. Expera intends to invest significant capital and resources into Old Town to restart the mill and ensure the highest level of production quality and capacity.

"I'm excited to welcome the Old Town employees back to work and to the Expera family," stated Russ Wanke, CEOof Expera. "Expera is a financially strong enterprise with an excellent platform positioned for expansion and growth. Under Expera, Old Town will have significant top-line stability and will benefit from our commitment to continuous improvement and manufacturing excellence. Old Town provides Expera with added internal capabilities, allowing us to deliver to our customers more product innovation and even better service."

Old Town is in the process of equipment start-up and employees will be coming back to work in several phases throughout the month of December, reaching full employment capacity by January 5.

Expera is a leading North American manufacturer of specialty paper products for use in the pressure-sensitive release liner, industrial and food packaging segments.