GAYLORD, MI – A company that planned to purchase a former Georgia-Pacific particleboard mill to make wood pellets to export to Europe has backed out of the deal.
According to the <I>Record Eagle,<I>principals of Upper 40 could not be reached for comment and G-P representatives decline to say why the deal died.
The particleboard plant closed in March 2006, putting 200 people out of work. Upper 40 announced plans to purchase the plant in November and hire up to 100 people.
G-P officials said they will pursue other potential buyers.
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