Verso paper mill to auction its contents

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A historic Minnesota mill is putting its equipment on the auction block next week, the St. Cloud Times reports.

The Verso paper mill in Sartell, closed since a devastating fire a year ago, plans to liquidate the machines, equipment, supplies and vehicles at the century-old factory, the newspaper reports.

Among the items up for bid: welders, a roll grinder, a lathe, a hydraulic shear, press brake, boring mills, overhead bridge cranes, excavators and fork trucks.

Verso Paper Corp. sold the plant to AIM Development USA four months ago for $12.5 million.

Residents and workers earlier this month observed the one-year anniversary of the fire.

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Related

Verso pays Sartell for paper mill fire expenses

Verso Paper Corp. on Monday paid the city of Sartell in full – about $398,000 – for its response to a Memorial Day fire that ultimately led to the permanent closing of the company's paper plant, the St. Cloud Times reports. There were 92 agencies from across the state that helped fight the blaze and 68 of those sought repayment.

Sen. Klobuchar visits damaged Verso Paper mill

U.S. Sen. Amy Klobuchar met with union workers and local management in Sartell on Saturday. The central Minnesota plant remains shut down after a Memorial Day explosion killed one worker, injured four others and put the future of more than 250 jobs in question. Democrat Amy Klobuchar told the St. Cloud Times she plans to have another conversation with Verso CEO Dave Paterson this week.

Verso Paper collects $40M in advance insurance settlement

Verso Paper Corp. says it has received about $40 million in insurance money after the explosion and fire that killed one worker and injured four other employees in Sartell, Minn., on Memorial Day, the St. Cloud Times reports. The company expects to collect an additional $44 million settlement.

Verso won't reopen Sartell paper mill

Verso Paper has decided against reopening the Sartell mill that was damaged by an explosion and fire on Memorial Day. 259 people had worked at the plant. A company executive says it was a difficult decision, but the mill had not been competitive in recent years. Verso says it will work with local officials on finding a new use for the site.

Sartell tries to envision life after the paper mill

The owners changed over the years, but Sartell's paper mill has provided hundreds of jobs for more than a century. Those days are gone following Verso Paper's decision not to reopen the fire-damaged plant. Now Gov. Dayton will put together a task force to look at how to reuse the 37 acre site on the Mississippi River. Verso says it will share its list of potential buyers.