Marquette, MI – (Great Lakes Radio News) – Officials with the parent company of the Manistique paper mill have confirmed the closure of the plant.
FutureMark Manistique says the company is closing the paper mill as of next week.
Reports say the mill is closing due to a need for a large amount of cash to reposition the mill’s production capabilities.
The mill employs about 150 people and all positions will be affected.
A transition team will be on hand to close down the facility and will fulfill all outstanding order before shutting down.
The company says the closure is expected to be complete by mid-week.