U.S. Sen. Susan Collins of Maine says Domtar Corp. has sold its Baileyville pulp mill to a Hong Kong-based investor group.
Collins says she received assurances Friday from Domtar CEO John Williams that the sale will protect the jobs of the mill's 300 workers.
She says Canada-based Domtar sold the mill to International Grand Investment so it could focus on softwood pulp manufacturing. The mill focused on hardwood pulp.
The state says it's good for both sides, since the investor group focuses on pulp and Domtar on paper making.
