Nov 09, 2009. /Lesprom Network/. Myllykoski has completed an agreement to sell its Madison Paper Company Alsip Mill to the Watermill Group. The Watermill Group is a private equity firm, headquartered in Lexington, Massachusetts, Myllykoski said in a press release received by Lesprom Network. The Alsip mill has a coated publication papers capacity of 135 000 metric tonnes, and the mill employs 148 people. During a transition period, both companies will work collaboratively to ensure the service levels and product quality our customers have received from Myllykoski North America. The parties have agreed not to disclose the terms of agreement. The transaction will have an estimated negative impact of Euro 35 million on Myllykoski Corporation’s 4Q result. Myllykoski will continue to serve the North American market with its uncoated publication papers from its Madison Paper Industries Mill in Maine and its broad publication product mix from its group mills in Europe. The Madison mill serves the North American Market with superior SC qualities. Madison Paper industries (Maine) is a joint venture since 1979 with the New York Times Company.