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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