November 24, 2024
Business

Mini-profiles of each of the four companies involved in mill facilities redevelopment

Red Shield Environmental

Description: A group of private investors that plans to purchase, develop and lease the mill facilities and finance operation of the existing biomass boiler. Two of the investors are Tamarack Energy (see below) and Competitive Energy Services, LLC, a Portland-based power company. The names of the other investors have not been released.

Products: None

Public or private: Private

How long in business: Red Shield is a fledgling company, formed specifically for this project

Corporate headquarters located: Portland

CEO-Chair: Edward T. Paslawski, chairman and CEO (also chairman of Hallowell International, LLC)

Number of employees: None

Estimated number of workers to be hired in near future: 50; 20 to run the biomass plant and 30 to prepare for winter and to convert the mill

Estimated number of workers to be hired within first 12 months: 250-300

Web site: None

Tamarack Energy

Description: A developer, adviser and investor in renewable energy projects. Tamarack is an independently operated subsidiary of Haley & Aldrich, Inc., a 50-year-old environmental and engineering consulting company. Tamarack plans to restart the existing biomass boiler system, fueling it with a combination of wood chips and clean construction debris. Tamarack intends to design, build and operate more facilities that use biomass to create energy and fuel. The University of Maine will act as consultants on Tamarack’s projects.

Products: None. Tamarack manages and integrates biofuel, solar, wind, biomass, geothermal and hydro power

Public or private: Private

Estimated worth: Not released

2005 revenue: Not released

How long in business: One year

Corporate headquarters located: Essex, Connecticut, with locations in Boston; Manchester, N.H.; and Hartford, Conn.

CEO-Chair: Derek G. Amidon, president

Number of employees: Nine

Estimated number of workers to be hired in near future: Shared figures with Red Shield

Estimated number of workers to be hired within first 12 months: Shared figures with Red Shield

Web site: www.tamarackenergy.com

Hallowell International LLC

Description: Manufacturers of temperature and humidity-control devices with emphasis on efficiency and environmental safety.

Products: Hallowell All Climate Heat Pump, a temperature-controlled home heating system (wants to use mill space to develop similar model for commercial use), Hallowell Dehumidifier, Packaged Terminal Heat Pump

Public or private: Private

Estimated worth: Not released

2005 revenue: Not released

How long in business: One year. In 2005, they began testing heat pumps and entered sales cycle six weeks ago. They are currently taking orders for pumps.

Corporate headquarters located: Bangor.

CEO-Chair: Duane Hallowell, president and CEO; Edward T. Paslawski of Red Shield is chair

Number of employees: 12

Estimated number of workers to be hired in near future: 12

Estimated number of workers to be hired within first 12 months: 300

Web site: www.gotohallowell.com

LAMTEC INC

Description: An adhesive, or pressure sensitive, label manufacturing company. Lamtec hopes to begin producing labels for large, national distribution companies.

Products: Printed labels used by several Fortune 1000 companies, such as Victoria’s Secret, Ford and Target

Public or private: Private

Estimated worth: Not released

2005 revenue: Between $5 million and $10 million

How long in business: Seven years

Corporate headquarters located: Portland.

CEO-Chair: Michael R. Caron

Number of employees: 15

Estimated number of workers to be hired in near future: Unknown

Estimated number of workers to be hired within first 12 months: 50-100 – Caron says Lamtec hopes to grow to 400 employees in the next four years

Web site: None


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