JGT2 Redevelopment LLC, a joint venture including New Mill Capital Holdings, Infinity Asset Solutions, and Camjay LLC, has acquired the Pixelle Specialty Solutions mill site in Jay, Maine, with plans for repurposing the site for industrial and energy projects.

Target Company Information

JGT2 Redevelopment LLC, a joint venture of New Mill Capital Holdings, Infinity Asset Solutions, and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions located in Jay, Maine. This acquisition encompasses the real estate of the primary paper mill site as well as its equipment and the adjacent cogeneration power plant. The investment focuses on reviving the mill site by repurposing its extensive infrastructure for various industrial applications.

The facility features nearly one million square feet of space supported by heavy-duty overhead cranes and ample energy provisions, alongside significant height clearance in certain areas. Furthermore, the site is designed for multi-tenant use, offering several bays with distinct loading, parking, and office spaces, making it adaptable for diverse industries.

Industry Overview in Maine

The industrial sector in Maine has seen a gradual transition as traditional industries evolve. With a historic reliance on manufacturing and forestry, recent trends have leaned toward