Gov Scott Welcomes Long Falls Paperboard 1/17/19

Governor Phil Scott held his weekly press conference yesterday at the Long Falls Paperboard (LFP) plant in Brattleboro, to celebrate the company’s recent purchase of the business formerly owned and operated by Neenah Paper, Inc. On December 31, 2018 LFP completed a complex financial transaction to acquire the business. The project involved numerous local, regional, and statewide partners led by the Brattleboro Development Credit Corporation (BDCC) with critical support for the regional development corporation’s business retention efforts from the Vermont Agency of Commerce and Community Development (ACCD) and the Scott Administration.“The collaboration and work to retain these 100 jobs is a great example of the shared commitment of state and local partners to keeping good jobs here in Vermont,” said Governor Phil Scott in welcoming the new owners. “I’d like to thank Long Falls Paperboard, as well as the many partners who helped make this possible. I commend state and local leadership for their innovative thinking, and cooperation in promoting economic development in Brattleboro and across the state.”In October the fate of the plant’s entire workforce was in question, when Neenah Paper unexpectedly announced it would cease operations in Brattleboro. A quick sale was the only alternative to a planned shutdown. BDCC and its partners acted quickly to avert the loss of 100 jobs. With LFP’s purchase of the business, operations have continued at the plant with little disruption. As part of the transaction, BDCC acquired the building and lands to facilitate a Brownfields assessment, which LFP plans to purchase once all necessary cleanup is complete.