Madison Paper Industries to sell its hydro power facilities in North America to Eagle Creek Renewable Energy
(UPM, Helsinki, 18 April 2017 at 8:30 EET) - Madison Paper Industries, a partnership of UPM and Northern SC Paper Corp., a subsidiary of The New York Times Company, has signed an agreement on the sale of its hydro power facilities to Eagle Creek Renewable Energy, LLC, a hydroelectric power producer, based in Morristown, NJ, USA. The transaction is still subject to third party approvals. The parties have agreed not to disclose the purchase price. "Eagle Creek is a well-known and experienced operator of hydroelectric power facilities in North America. The company focuses on CO\2\-