GOVERNOR ANNOUNCES CLOSURE OF DEAL ON GP MILL

The following information was released by the Maine Governor:

Governor John Baldacci today announced the final closing of the deal on the GP mill. The Governor held a press conference in Old Town to introduce the new owners of the mill and to thank the community for its support throughout the process.

"After many long months, the successful sale of the mill to Red Shield Environmental, LLC is completed," said Governor Baldacci. "I am pleased that in this long complicated process to create good paying jobs we had the strong commitment from all parties - from the companies involved, the workers, local officials, our area state legislators, and of course the people of Old Town."

Ed Paslawski, of Red Shield Environmental, LLC, said: "We look forward to working in the community and beginning the hiring process. We appreciate the support Governor Baldacci and Department of Economic Development Director Jack Cashman. This deal would not have happened without them and strong collaboration of the union, Town Manager, Legislative Leadership and area Legislators. We are confident all our expectations will be realized. Our plans are for energy dependent businesses to be located on our campus. We are encouraged by the number of inquiries we have had this week by potential tenants."

Joe Moeller, Georgia-Pacific's chairman and chief executive officer, said, "Georgia-Pacific is very pleased to close this transaction. Our entire leadership team thanks the Governor and his office, as well as other state and local officials for working together to get to this point."

The evolution of the GP mill involves redevelopment of the site, diversifying the town and region's economic base. The goal is that after full ramp up of additional operations at the mill, employment numbers will exceed that of a year ago.

"I made it a priority of my Administration to find a solution that is beneficial to the people of Old Town and the region," said the Governor. "This sale meets these expectations. I want to recognize the tremendous support in the community for the mill workers. It's a great day for the community and for the State."